Question: Give 8differences between pure competition and monopolist profit maximization. How different are their marginal revenue functions and why? [7 Marks] b) Discuss how a monopolist

Give 8differences between pure competition and monopolist profit maximization. How different are their marginal revenue functions and why? [7 Marks]
b) Discuss how a monopolist uses price discrimination mechanism to maximize their gains from the market. [8 Marks]

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