What do we mean by monopoly and give me simple example What do we mean by oligopoly and give me simple example What do we mean by natural monopolies and give me simple examples What do we mean by government monopolies and give me simple examples What do we mean by market power and give me simple examples What do we mean by predatory pricing and give me simple examples what does equity in market efficiency mean in a simple way with examples what are the three insights concerning market outcomes In which case implicit cost is bigger than explicit cost What do we mean by total revenue What do we mean by total cost What do we mean by explicit cost with examples What do we mean by implicit cost with examples In which case the economical profit is larger than accounting profit Note All answers should be written in a simple way with simple English language and vocab (only 1 line answer as possible to the point) not accepting long answers

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Question: What do we mean by monopoly and give me simple example? What do we mean by oligopoly and give me simple example? What do we

What do we mean by monopoly and give me simple example?
What do we mean by oligopoly and give me simple example?
What do we mean by natural monopolies and give me simple examples?
What do we mean by government monopolies and give me simple examples?
What do we mean by market power and give me simple examples?
What do we mean by predatory pricing and give me simple examples?
what does equity in market efficiency mean in a simple way with examples?
what are the three insights concerning market outcomes?
In which case implicit cost is bigger than explicit cost?
What do we mean by total revenue?
What do we mean by total cost?
What do we mean by explicit cost with examples?
What do we mean by implicit cost with examples?
In which case the economical profit is larger than accounting profit?

Note: All answers should be written in a simple way with simple English language and vocab (only 1 line answer as possible to the point) not accepting long answers

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