Market Type - Central Dauphin School District
Example: Number of Sellers Type of Product Ease of Entry Price Determinate Profit Perfectly Competitive. Ex. Many Homogenous Very Easy Market---Firms are Price Takers Short Run Profit Possible. Long Run Profit=Normal Monopoly. Ex. One Unique Impossible—Legal or Natural Monopoly Firm—Price Maker(However, they face a downward sloping demand ... ................
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