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True/False Section Question 17 (1 point) A perfectly competitive market is a hypothetical extreme. True False Question 18 (1 point) If a firm in a

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True/False Section Question 17 (1 point) A perfectly competitive market is a hypothetical extreme. True False Question 18 (1 point) If a firm in a perfectly competitive market raises the price of its product it will lose all of its sales to competitors. True False Question 19 (1 point) The firm's marginal revenue curve is the same as the firm's demand curve. True False Question 20 (1 point)

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