3. Which of the following are the same under monopolistic competition and in a competitive market in

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3. Which of the following are the same under monopolistic competition and in a competitive market in the long run?

a. the markup the firm charges

b. the price the firm charges to consumers

c. the firm’s excess capacity

d. the average total cost of production

e. the amount of advertising

f. the firm’s profit g. the efficiency of the market structure

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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Question Posted: Oct 19, 2024 08:00 AM

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3. Which of the following are the same under monopolistic competition and in a competitive market in

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Principles Of Microeconomics

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