3. Which of the following produces the same outcome under monopolistic competition and in a competitive market
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3. Which of the following produces the same outcome under monopolistic competition and in a competitive market in the long run?
a. the markup the fi rm charges
b. the price the fi rm charges to consumers
c. the fi rm’s excess capacity
d. the average total cost of production
e. the amount of advertising
f. the fi rm’s profi t g. the effi ciency of the market structure
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