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A purely competitive firm can be identified by the fact that Group of answer choices it experiences diminishing marginal returns. its average revenue equals its
A purely competitive firm can be identified by the fact that Group of answer choices it experiences diminishing marginal returns. its average revenue equals its marginal revenue. there are other firms in the industry producing similar products. it is making only normal profits in the short-run
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Economics Principles and Policy
Authors: William J. Baumol, Alan S. Blinder
12th edition
978-0538453677, 538453672, 978-0538453622, 538453621, 978-0538453653
