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12. Which statement is true? (LO1, 3) a) Most firms in the United States are monopolistic competitors. b) Most firms in the United States are

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12. Which statement is true? (LO1, 3) a) Most firms in the United States are monopolistic competitors. b) Most firms in the United States are perfect ofcompetitors. C Most consumers would prefer lower prices and less product differentiation. d) None of the above

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