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What is the correct answer and why are the other ones wrong? 260 1060 E. Output: 200 Fixed Cost: $800 200 200 16. All of

What is the correct answer and why are the other ones wrong?

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260 1060 E. Output: 200 Fixed Cost: $800 200 200 16. All of the following are essential characteristics of a perfectly competitive industry EXCEPT: A. All products produced by the firms in the industry are homogeneous. B. All firms in the industry are price takers. X C. All consumers and firms are completely aware of the prices at which transactions take place in the industry. There are barriers to entry into and exit from the industry. not -whyy. how barrier E. Price is equal to marginal revenue for every firm in the industry. bild Ed nepwisd 2

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