Question: please help me understand our topic l I. Define each of the following terms: price taker price maker homogeneous product (define and give example/s) differentiated

please help me understand our topic

l I. Define each of the following terms: price taker price maker homogeneous product (define and give example/s) differentiated product (define and give example/s) cartel non-price competition QWPWNT' ||. Give one distinct difference between perfect competition and monopolistic competition. Ill. When is advertising necessary

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