Identify the assumptions associated with a firm operating, Business Economics

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Identify the assumptions associated with a firm operating

1. Identify the assumptions associated with a firm operating under perfect competition and what the implications of those assumptions mean for its short run and long run decisions?

2. Explain why market power leads to market failure and how this can be corrected

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Business Economics: Identify the assumptions associated with a firm operating

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Business Economics: Identify the assumptions associated with a firm operating

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