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aryaelfkind aryaelfkind
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A year ago
An imperfectly competitive industry is often allocatively inefficient when compared to the performance of a competitive industry, because imperfect competitors

▸ make profits.

▸ set price above the marginal cost.

▸ operate in the global economy.

▸ maximize profits.

▸ obtain economies of scale.
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Microeconomics

Microeconomics


Edition: 17th
Author:
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lulllull
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A year ago
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