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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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    In the Long Run, a Monopolistically Competitive Firm and a Perfectly
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In the Long Run, a Monopolistically Competitive Firm and a Perfectly

Question 215

Question 215

True/False

In the long run, a monopolistically competitive firm and a perfectly competitive firm both produce at minimum average cost.

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