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In a competitive market, the equilibrium price of the product is Multiple Choice O Lower than it should be because bankruptcies are common in competitive
In a competitive market, the equilibrium price of the product is Multiple Choice O Lower than it should be because bankruptcies are common in competitive markets. O Higher than the opportunity cost of producing the product. O A reflection of the opportunity cost of producing the product. O Higher than it should be because profits are included in the price
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