Question: Please solve within 20 mins Question 2: Fill out the table. (8 marks} Characteristic Perfect Competition Monopoly Monopolistic Competition Number of sellers Free entry/exit? Short

Please solve within 20 mins Question 2: Fill out the table.

Please solve within 20 mins

Question 2: Fill out the table. (8 marks} Characteristic Perfect Competition Monopoly Monopolistic Competition Number of sellers Free entry/exit? Short run economic profits Long run economic profits Demand curve faced by the firm

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