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All of the following statements are correct except Question 5 options: perfectly competitive firms are price takers and it is very easy to enter and

All of the following statements are correct except Question 5 options: perfectly competitive firms are price takers and it is very easy to enter and exit the market perfectly competitive firms are price takers and products are homogeneous imperfectly competitive firms are price setters and products are differentiated imperfectly competitive firms are price takers and products are homogeneous

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