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Assume the market for white T-shirts could be in perfect competition or monopolistic competition market structure. In long run equilibrium, each of the respective prices

Assume the market for white T-shirts could be in perfect competition or monopolistic competition market structure. In long run equilibrium, each of the respective prices and quantities are provided in the table below: Perfect Competition Monopolistic Competition Price $6 $9 Quantity 100,000 75,000 If this market is in monopolistic competition, the excess capacity would be measured as

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