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Q: how could monetary and fiscal policy could have been better leveraged to avoid the recession in the early 2000's?
A: Monopoly and perfect competition represent two extremes along a continuum of market structures. [ At the one extreme is perfect competition, representing the ultimate of efficiency achieved by an industry that has extensive competition and no market control. Monopoly, at the other extreme, represents the ultimate of inefficiency brought about by the total lack of competition and extensive market
control. ]
Koolsum|Points 1427|
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Asked 10/15/2012 10:04:36 PM
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