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**In this assignment, you will demonstrate your understanding of how supply and demand differ between monopolies and perfectly competitive markets and how these two markets determine the quantity supplied and market prices. You will also provide explanations of how the price effect and the quantity effect cause marginal revenue to be different from the price.… Continue reading < * be double-spaced,

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**Please note that this unit’s discussion board question is about NATURAL monopolies. They are a bit different from MARKET monopolies and it’s important that you make it clear that you understand the difference. <**Also, be sure to cite your material and list at least one reference, per APA formatting guidelines. Here is a sample citation… Continue reading < ** be formatted in times new roman,12-point, black font, and

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*Examine how changes in the cost of production affect the pricing and production quantity decisions of a firm in a perfectly competitive market. *Apply critical thinking to use principles of sound reasoning. Insert your answers in the appropriate space provided for the question. Your answers should: *follow the current APA format with citations to your… Continue reading * be double-spaced,

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