econ market and economy

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  • Write a 1-2-page(s) summary on how competitive markets and monopolies differ in their market structure. Make use of graphs if you need to. Be sure to highlight the profit maximizing decision mechanism of a firm in each market type and examples of industries in each market type. You can use any source including lecture slides. If you use other sources, please ensure to cite them. Reference page should be included as a separate page.

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