ECO 365 Week 3 DQ 3

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ECO 365 Week 3 DQ 3To Buy This material Click
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ECO-365-Week-3-DQ-3We are now talking about
firm structures. How do accountants and
economists differ on profit? What economic
conditions exist when economic profits are
maximized? In terms of marginal revenues and
marginal costs, discuss how price is determined
in each of the major firm structures perfect
competition, monopoly, monopolistic competition.
Why are these nuances important (from economic,
firm, or policy maker perspective)?
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