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9. In a situation of long-run equilibrium, which statement explains the differences between a perfectly competitive firm and a monopolistically competitive firm? a. A perfectly

9. In a situation of long-run equilibrium, which statement explains the differences between a perfectly competitive firm and a monopolistically competitive firm? a. A perfectly competitive firm operates at excess capacity. b. A monopolistically competitive firm does not operate at its efficient scale. c. A competitive firm charges a markup over marginal cost. d. A perfectly competitive firm operates at an inefficient scale

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