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Monopolistically competitive firms are like perfectly competitive firms in that they both sell ...

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Monopolistically competitive firms are like perfectly competitive firms in that they both sell ...

Question 1.

Firms in a monopolistically competitive industry are distinguished by strategic behavior.

▸ true

▸ false

Question 2.

Monopolistically competitive firms are like perfectly competitive firms in that they both sell homogeneous products.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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