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    Economics Principles and Policy Study Set 2
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    Exam 13: Between Competition and Monopoly
  5. Question
    Since Firms in Both Monopolistic Competition and Perfect Competition Earn
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Since Firms in Both Monopolistic Competition and Perfect Competition Earn

Question 31

Question 31

True/False

Since firms in both monopolistic competition and perfect competition earn zero economic profit, price must be equal to average cost for both types of firms.

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