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Which of the following features is common to both perfectly competitive markets and monopolies? Group of answer choices Firms can earn negative profits in the
Which of the following features is common to both perfectly competitive markets and monopolies?
Group of answer choices
Firms can earn negative profits in the short run.
Prices are equal to marginal costs in the long-run.
Long run profits are zero.
Prices are equal to the minimum of average total cost in the long-run.
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