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of 6 (Figure: Monopolies Versus Competitive Industries) If the monopoly depicted in the graph were to become a perfectly competitive industry MC Price and Cost

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of 6 (Figure: Monopolies Versus Competitive Industries) If the monopoly depicted in the graph were to become a perfectly competitive industry MC Price and Cost MR Output Oh would change from producer surplus to consumer surplus. O e would change from consumer surplus to producer surplus. Of would change from consumer surplus to producer surplus. O e would change from producer surplus to consumer surplus

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