Explain pure competition and the competitive firm. Determine profit maximization in the short run and the importance of entry and exit for long-run equilibrium.

Monopoly. Microeconomy class. Complete the following: Based      upon this week’s readings, analyze an article published within 60 days      prior to the term that deals with a monopoly—closed, open, or natural. Analyze      the factors driving change in the industry. Are there potential changes      due to globalization or technology that might alter this firm’s position      as a […]