What does society do to undermine the macroeconomic impacts of the chaotic nature of continuous product differentiation by monopolistically competitive firms?
2. Describe the fundamental difference between pure competition and non-collusive oligopoly.
3. How do economies of scale and product differentiation (both desirable qualities) alter the nature of markets in the real world in negative ways?
4. What keeps oligopolistic industries from abusing the market power they hold, forming into collusive cartels, or merging into dominant
5. What does society do to undermine the
6. If these two market types,
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