Explain the break-even price and the shut-down rule list


Explain the break-even price and the shut-down rule.

List and explain the characteristics of monopolistic competition.  

Explain why a price-fixing cartel is difficult to maintain.

Put in plain words the concepts of adverse-selection and moral hazard

Explain the consequences of a thin market.

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Business Economics: Explain the break-even price and the shut-down rule list
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