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From the following, identify the correct statement. a. Firms under monopolistic competition face perfectly inelastic demand curves. b. Firms under monopolistic competition produce and sell

From the following, identify the correct statement. a. Firms under monopolistic competition face perfectly inelastic demand curves. b. Firms under monopolistic competition produce and sell products that are complements. c. Firms under monopolistic competition can enter or leave the market with ease in the long run. d. Firms under monopolistic competition act interdependently

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