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Which of the following are true of monopolistic competition? Choose 3 (1 Point) Please select 3 options. Firms can enter and exit easily Production of

Which of the following are true of monopolistic competition? Choose 3 (1 Point) Please select 3 options. Firms can enter and exit easily Production of identical or differentiated products Firms are likely to collude Maximize profits where MR = MC Have a large number of buyers and sellers

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