Question: Explain how markup over marginal cost and externalities associated with entry of new firms have effect on total welfare What's the similarities between long term

Explain how markup over marginal cost and externalities associated with entry of new firms have effect on total welfare What's the similarities between long term equilibrium in a monopolistic market

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7. Find four examples that illustrate the statement: Beyond a certain point, open-ness regarding information and communication can become detrimental to relationships.

2. In this chapter, the reader should reflect on the following concepts: