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One characteristic of firms in perfectly competitive markets is that individual firms A. Have products that are different than their competitors B. Are free to

One characteristic of firms in perfectly competitive markets is that individual firms

A. Have products that are different than their competitors

B. Are free to enter or exit the market

C. Earn positive economic profits in the long run

D. Use advertising to increase market share and sales revenue

E. Face a downward sloping demand curve

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