Documents Firms and Competitive Markets. Competitive Market Properties – Many buyers and sellers – Trading...

Slide 1Firms and Competitive Markets Slide 2 Competitive Market Properties – Many buyers and sellers – Trading identical products – Each buyer and seller a price taker…

Documents Monopolistic Competition Many firms selling Products that are similar but not identical © 2000...

Slide 1 Slide 2 Monopolistic Competition Many firms selling Products that are similar but not identical © 2000 Claudia Garcia - Szekely 1 Slide 3 Characteristics Many firms:…