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help with the following Which of the following is a characteristic of perfect competition but NOT of monopoly? a. The firm's average total cost curve

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Which of the following is a characteristic of perfect competition but NOT of monopoly? a. The firm's average total cost curve is U-shaped. b. Marginal revenue is equal to price. c. A profit-maximizing firm chooses output where marginal revenue equals marginal cost. d. Profits may exist in the short run

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