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The perfectly competitive market structure benefits consumers because A) firms add a much smaller markup over average cost than firms in any other type of
The perfectly competitive market structure benefits consumers because
A) firms add a much smaller markup over average cost than firms in any other type of market structure.
B) firms do not produce goods at the lowest possible price in the long run.
C) firms produce high quality goods at low prices.
D) firms are forced by competitive pressure to be as efficient as possible.
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