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Perfect competition and monopolistic competition are similar because, under both market structures, Group of answer choices there are low - to - zero barriers to

Perfect competition and monopolistic competition are similar because, under both market structures,

Group of answer choices

there are low

-

-

zero barriers to entry.

economic profits are high.

there are just a few firms sharing all of the profits.

marginal revenue always exceeds marginal cost.

total revenue always exceeds total cost.

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