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Figure 12.1.2 -Which of the Following Is True for Both Perfect and Perfect

Question 43

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Figure 12.1.2 -Which of the following is true for both perfect and monopolistic competition? A) Firms produce a differentiated product. B) Firms face a downward sloping demand curve. C) Firms produce a homogeneous product. D) There is freedom of entry and exit in the long run. Figure 12.1.2
-Which of the following is true for both perfect and monopolistic competition?


A) Firms produce a differentiated product.
B) Firms face a downward sloping demand curve.
C) Firms produce a homogeneous product.
D) There is freedom of entry and exit in the long run.

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