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Firm a and Firm B Have Identical Cost Curves

Question 246

Multiple Choice

Firm A and firm B have identical cost 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 firm B.


A) less; less
B) more; more
C) more; less
D) less; more

Correct Answer:

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