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Consider perfect competition.Which the following is true? Group of answer choices Perfect competition results in the highest industry profits since there are so many firms

Consider perfect competition.Which the following is true?

Group of answer choices

Perfect competition results in the highest industry profits since there are so many firms

The list of characteristics for perfect competition is very restrictive, and real-life examples that fit all of those characteristics may be pretty rare

Individual firms in perfect competition can benefit if they advertise

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