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Everything else equal, the more competitors a firm faces,, a the higher the firm's optimal pricing markup over marginal cost. b the lower the firm's

Everything else equal, the more competitors a firm faces,, a the higher the firm's optimal pricing markup over marginal cost. b the lower the firm's optimal pricing markup over marginal cost. c the more inelastic the firm's demand curve. d the closer the firm's price will be to average fixed costs

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