1) What is the definition of Market Competition? List a product that you use that falls closer to the perfect competition model.
A) What is the definition of a (Market) Monopoly? List a monopoly (not utilities or public services) product or service that you use.
B) What is going on with Economists in their assessment of benefits and costs of PC and Monopoly?
C) What is the distinction between Short Run and Long Run and which ones matter most?