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A perfectly competitive firm is a price Select one: Taker and a monopolistically competitive firm is also a price taker O Maker and a monopolistically

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A perfectly competitive firm is a price Select one: Taker and a monopolistically competitive firm is also a price taker O Maker and a monopolistically competitive firm is a price taker O Taker and a monopolistically competitive firm is a price maker O Maker and a monopolistically competitive firm is also a price makerConsider the following chart for a perfectly competitive firm. P($) 3.00- ATC 2.50- 2.00 MR 1.50- 1.00- 15 30 45 60 75 Q This firm is making (approximately) a Select one: Profit of $22.50 Profit of $30.00 Loss of $22.50 O Loss of $30.00

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