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Which of the following are true of a perfectly competitive firm? Choose 3 (1 Point) Please select 3 options. Produces an identical product Maximizes profit

Which of the following are true of a perfectly competitive firm? Choose 3 (1 Point) Please select 3 options. Produces an identical product Maximizes profit where P = MR Produces a differentiated product Can make long run economic profits Faces a downward sloping demand curve Marginal revenue is the same as the firm's demand curve

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