Market Structure Part 2: Perfect Competition - Short Run Profit/Loss

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[@Albinah-r5v]

Q1. Make a comparison of a perfectly or purely competitive firm and a monopolist as regards the following decisions ¡. How much to produce ¡¡. What price to charge ¡¡¡.whether or not to shutdown in the short run ¡v. What happens in the long run if losses persist Hint:use graphs to illustrate your answers in each case