Multiple Choice
Firm A and firm B have identical cost curves and operate in markets with similar market demand curves.Firm A operates in perfect competition,and firm B operates in monopolistic competition.In the long run,firm A will charge _____ and produce _____ than will firm B.
A) less;less
B) more;more
C) more;less
D) less;more
Correct Answer:
Verified
Correct Answer:
Verified
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