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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 7: Market Structure: Perfect Competition, Monopoly, and Monopolistic Competition
  5. Question
    If a Firm Is Small, Produces a Differentiated Good for Which
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If a Firm Is Small, Produces a Differentiated Good for Which

Question 21

Question 21

True/False

If a firm is small, produces a differentiated good for which there are many close substitutes, and it is easy to enter and exit the industry, then the firm is a monopolistic competitor.

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