Documents Pure Competition in the Long Run Sam, Greg, Rohit, Matt, Dylan.

Slide 1Pure Competition in the Long Run Sam, Greg, Rohit, Matt, Dylan Slide 2 In the long run... Pure competition describes an market where no firms are large enough to have…

Documents Chapter 25 Monopolistic Competition and Oligopoly Key characteristics of Monopolistic Competition:.....

Slide 1Chapter 25 Monopolistic Competition and Oligopoly Key characteristics of Monopolistic Competition: 1.Large number of sellers – individual firms have relatively small…