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Question 1 1 pts To which of the four categories do the following apply to the member firms? (There can be more than one market

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Question 1 1 pts To which of the four categories do the following apply to the member firms? (There can be more than one market category in each case. la) New firms can freely enter the industry. Perfect competition Monopolistic competition Oligopoly Monopoly Question 2 1 pts (b) Firms will produce where MR - MC if they wish to maximise profits Perfect competition Monopolistic competition Oligopoly Monopoly

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