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Price demand mr mc - PowerPoint PPT Presentation

From Perfect Competition to Total Monopoly A Spectrum

From Perfect Competition to Total Monopoly A Spectrum. Who sets the price?. The market does. Price setting is a complex issue and is a function of the type of competition prevailing in the market. There is a spectrum of types of competition:. Perfect Competition.

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Price demand mr mc - PowerPoint PPT Presentation

From Perfect Competition to Total Monopoly A Spectrum