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Compare and contrast the characteristics of two markets

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  1. Compare and contrast the characteristics of two markets - a monopoly market compared with a perfectly competitive market. 
  2. Explain whether perfectly competitive firms and monopolies achieve productive and allocative efficiency. Explain why or why not. 
  3. Describe the conditions necessary for a firm to implement price discrimination, and give a personal example of when you have experienced price discrimination. 
  4. Identify two examples of businesses or types of products which are representative of these two markets: a monopoly market and a perfectly competitive market.

Reference no: EM132240716

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