QUESTION 2 (10 MARKS) Compare and contrast any FIVE (5) characteristics between monopolistic competition and perfect com
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QUESTION 2 (10 MARKS) Compare and contrast any FIVE (5) characteristics between monopolistic competition and perfect com
QUESTION 2 (10 MARKS) Compare and contrast any FIVE (5) characteristics between monopolistic competition and perfect competition. (10 marks) QUESTION 3 (10 MARKS) Using diagrams, illustrate and explain the differences between supernormal profit and normal profit of a monopoly firm in the short run (10 marks)