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D Question 12 Which of the following is a defining characteristic of a perfectly competitive market? Choose all that apply. Firms determine their own prices.

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D Question 12 Which of the following is a defining characteristic of a perfectly competitive market? Choose all that apply. Firms determine their own prices. O Firms can earn positive economic profit or incurr economic loss in the long-run. lent O Firms determine the quantity it sells in the marketplace. O Economic surplus is not maximized. Next

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