Explain Why a Monopoly or a Perfectly Competitive Firm Does

question 46

Essay

Explain why a monopoly or a perfectly competitive firm does not consider a rival firm's behavior,but an oligopoly and a monopolistically competitive firm do.

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Definitions:

Gender Dysphoric

A condition where a person experiences discomfort or distress because there is a mismatch between their biological sex and gender identity.

Binary

A system consisting of two parts, states, or components, often used to describe things in terms of opposites like off/on or male/female.

Perfectly Aligned

A state or condition where elements or components are positioned in exact agreement or coordination with each other.

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond to their sex assigned at birth.