mrk struture 2014 question

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Question 1 Distinguish between the short run economic profit and revenue of perfect competition and monopoly market structures Question 2 i. Compare and contracts the main features of a monopolistic and oligopoly competitive industry ii. What do you understand by price discrimination in a market structure?

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Question 1Distinguish between the short run economic profit and revenue of perfect competition and monopoly market structuresQuestion 2i. Compare and contracts the main features of a monopolistic and oligopoly competitive industry ii. What do you understand by price discrimination in a market structure?