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Use the Graphs to Answer Questions

question 37

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Use the graphs to answer questions Use the graphs to answer questions   -Graph B illustrates A) a market with perfect competition. B) a monopolistic market. C) a firm that is a price taker. D) a firm that has market power.
-Graph B illustrates


Definitions:

Legitimate Power

Power derived from a person’s position or job in an organization.

Organizational Role

The set of responsibilities, activities, and expectations associated with a specific position within an organization.

Expert Power

Power derived from having special information or expertise that is valued by an organization.

Legitimate Power

The authority to influence or control others based on a position of responsibility within an organization.

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