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    Exam 10: Monopolistic Competition and Oligopoly
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    Compared to a Firm in Perfect Competition,a Monopolistically Competitive Firm
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Compared to a Firm in Perfect Competition,a Monopolistically Competitive Firm

Question 79

Question 79

Multiple Choice

Compared to a firm in perfect competition,a monopolistically competitive firm tends to _____


A) produce less and charge a higher price.
B) produce less and charge a lower price.
C) produce more and charge a lower price.
D) produce more and charge a higher price.
E) produce the same quantity.

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