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Micro Chapter 21 Key Terms. pure competition pure monopoly monopolistic competition oligopoly imperfect competition price taker average revenue. constant-cost industry increasing-cost industry decreasing-cost industry Natural Monopoly marginal revenue total revenue. - PowerPoint PPT Presentation
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Micro Chapter 21 Key Terms
• pure competition• pure monopoly• monopolistic
competition• oligopoly• imperfect
competition• price taker• average revenue
• constant-cost industry
• increasing-cost industry
• decreasing-cost industry
• Natural Monopoly• marginal revenue• total revenue