How efficiency is achieved in competitive markets

1. Discuss how efficiency is achieved in competitive markets.
2. Give examples of firms in the monopolistically competitive industry and discuss how product differentiation is achieved in the industry.
3. Please post two (2) issues/questions you are struggling with in studying the chapters for the week so that your colleagues would help you address the
difficulty. Please do not post questions from the internet. These have to be your personal difficulty with the material.
4. Endeavor to respond to the difficulties of at least two (2) of your colleagues.
5. SCAVENGER HUNT: After reading the relevant chapters, find and post any relevant videos or links to online resources that might help the class understand and appreciate the concepts being discussed bette

 

 

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