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Question 4 of 60 1 point possible (graded) Relative to firms in a perfectly competitive market, firms engaged in monopolistic competition are characterized by O

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Question 4 of 60 1 point possible (graded) Relative to firms in a perfectly competitive market, firms engaged in monopolistic competition are characterized by O Lower levels of deadweight loss 0 Long-run inefficiencies due to excess capacity O Higher economic profits in the long run C) All of the above O None of the above

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