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Compared to competitive firms, firms with market power are considered Question 24Select one: a. inferior since they always earn losses. b. unstable in the long

Compared to competitive firms, firms with market power are considered Question 24Select one: a. inferior since they always earn losses. b. unstable in the long run since they will always earn long-run losses even if they earn short-run profits. c. technologically superior since they generate new inventions more efficiently than competitive firms. d. inefficient since they have lower output and set a higher price

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