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6.1Competitivefirmstry tobecomemonopolisticfirms.Why? 6.2Employingeconomic cost/profit instead of accounting cost/profitwhen making business decisions tend to generate more efficient or superioreconomicresultsfor firms. Why? 6.3 Productive and allocative efficiencies

6.1Competitivefirmstry tobecomemonopolisticfirms.Why?

6.2Employingeconomic cost/profit instead of accounting cost/profitwhen making business decisions tend to generate more efficient or superioreconomicresultsfor firms. Why?

6.3 Productive and allocative efficiencies tend to merge in the competitive market. Why?

6.4 Firms try not to maximize their revenue.Why?

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