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    Economics Principles and Policy Study Set 2
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    Exam 13: Between Competition and Monopoly
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    Monopolistic Competitors and Perfect Competitors Are Alike in
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Monopolistic Competitors and Perfect Competitors Are Alike in

Question 151

Question 151

Multiple Choice

Monopolistic competitors and perfect competitors are alike in


A) having horizontal demand curves.
B) zero economic profit in the short run.
C) zero economic profit in the long run.
D) relying on advertising to attract buyers to their products.

Correct Answer:

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