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sgy_89 sgy_89
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7 years ago
Which of the following is not true of both pure competitors and monopolistically competitive firms?
A) Both produce at the output where MR = MC.
B) Neither tend to earn economic profits in long-run equilibrium.
C) Both firms are price takers.
D) Both tend to be small in relation to the total industry.
E) Both firms attempt to earn economic profits.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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7 years ago
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sgy_89 Author
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7 years ago
Just got PERFECT on my quiz
fgarza2146
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Yesterday
This site is awesome
hpascoe
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2 hours ago
Good timing, thanks!
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