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Market A is a highly competitive market. Market B is an imperfectly competitive market. All else equal, which of the following would you expect to
Market A is a highly competitive market. Market B is an imperfectly competitive market. All else equal, which of the following would you expect to observe? Group of answer choices Prices in market A will be higher than in market B. Businesses in market A will have greater opportunity for long-run profit than businesses in market B. More units will be bought and sold in market B than in market A. Businesses in market B will have greater opportunity for long-run profit than businesses in market A. More units will be bought and sold in market A than in market B. Prices in market A will be lower than in market B
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