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One of the benefits of a market being perfectly competitive is ___________, while one of the benefits of a marker being monopolistically competitive is_____________________. Question
One of the benefits of a market being perfectly competitive is ___________, while one of the benefits of a marker being monopolistically competitive is_____________________. Question 38 options: a) production at maximum of ATC; production at minimum point of the ATC curve. b) lower price than if the market were monopolistically competitive; the variety of differentiated products. c) production at the minimum of ATC; larger output if it were perfectly competitive market. d) smaller output; lower price than if the market were perfectly competitive
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