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    Managerial Economics Study Set 1
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    Exam 8: Market Structure and Long Run Equilibrium
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    ​In a Competitive Industry
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​In a Competitive Industry

Question 34

Question 34

Multiple Choice

​In a competitive industry


A) ​firms have no cost advantages
B) some firms have cost advantages,while others do not
C) all the firms have highly differentiated products
D) ​Consumers have strong preferences across brands

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