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1.The four types of market structures we study in economics are perfect competition, monopoly, oligopoly, and monopsony. True False 2. The long run is considered to be the period when a firm’s inputs are mainly variable and at…
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1.The four types of market structures we study in economics are perfect competition, monopoly, oligopoly, and monopsony. True False 2. The long run is considered to be the period when a firm’s inputs are mainly variable and at…