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Question 24 The local residential electrical power industry can be best modeled using the model of O perfect competition. O monopolistic competition. O monopoly.

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Question 24 The local residential electrical power industry can be best modeled using the model of O perfect competition. O monopolistic competition. O monopoly. O oligopoly. Question 25 If MR MC then when an additional unit is sold the firm's O profit will be negative. O profit will be positive. O profit will decrease. O profit will increase 3 pts 3 pts

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