Competition and Monopoly Markets

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Discussions: You are asked to identify a particular industry (non-government, that is) that meets the criteria for Pure Competition or Monopoly.  Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity. You may post to both categories, but are required to only select one.  Read the Discussion Instructions for Week 4 and identify the market characteristics, productive efficiency, allocative efficiency, and equity in the particular industry that you selected.

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