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Which, if any, of the following observations about an industry would imply that it is not perfectly competitive? Briefly explain your reasoning behind your selections.

Which, if any, of the following observations about an industry would imply that it is not perfectly competitive? Briefly explain your reasoning behind your selections. (15 points) a. Firms are currently making economic profits. b. Two firms produce 60 percent of the total industry output. c. Firms issue coupons offering a price discount

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