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Discuss the Problems with the Statistics Provided by the Uniform

question 44

Essay

Discuss the problems with the statistics provided by the Uniform Crime Reports.

Discuss the benefits of pure competition in terms of consumer and producer surpluses.
Understand the characteristics of a purely competitive market.
Identify the revenue relationships (total revenue, marginal revenue, average revenue) for a purely competitive firm.
Explain the concept of imperfect competition and how it differs from pure competition.

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