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The Broccoli Market Is Perfectly Competitive

Question 60

Multiple Choice

The broccoli market is perfectly competitive.This means that the price of broccoli is _____ than if the market were monopolistically competitive,and total broccoli output in the market is _____ than if it were monopolistically competitive.


A) lower;higher
B) lower;lower
C) higher;lower
D) higher;higher

Correct Answer:

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