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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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    A Monopolistically Competitive Firm
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A Monopolistically Competitive Firm

Question 78

Question 78

Multiple Choice

A monopolistically competitive firm


A) tries to differentiate its product from competitors' products.
B) faces a perfectly elastic demand curve for its product.
C) has more monopoly power in the long run than does a perfectly competitive firm.
D) is always a retail establishment.

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