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1.Which of the following is NOT an assumption of monopolistic competition? Group of answer choices a.Each firm's output is slightly different from other firms in

1.Which of the following is NOT an assumption of monopolistic competition?

Group of answer choices

a.Each firm's output is slightly different from other firms in the industry.

b.There are many firms in the industry.

c.Production occurs with increasing returns to scale technology.

d.Each firm faces a perfectly elastic demand curve.

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