Solved: How does a lack of competition affect prices and output, Macroeconomics

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How does a lack of competition affect prices and output

Assignment:

After reading and Special (link attached), write a 2 page paper describing the importance of competition in markets.

How does a lack of competition affect prices and output?

Describe what the role of government is in markets vis-a-vis firms in the market.

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Macroeconomics: How does a lack of competition affect prices and output

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Macroeconomics: How does a lack of competition affect prices and output

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