Question: In your initial post, include the image of your simulation report in your response. See the How to Submit a Simulation Report Image PDF document

In your initial post, include the image of your simulation report in your response. See the How to Submit a Simulation Report Image PDFdocument for more information. Then, address the following questions:

  • Explain which types of market inefficiencies derive from monopolies. Use examples from the textbook to support your claims.
  • Describe the types of inefficiencies that derive from monopolistic competition. Use examples from the textbook to support your claims.
  • How are monopolies and monopolistic competitive firms profitable? Use examples from the textbook to support your analysis.
In your initial post, include the image of your simulation report in

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