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Which of the following statements about a monopolistically competitive firm is FALSE? Select one: O a. It tries to differentiate its product from that of

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Which of the following statements about a monopolistically competitive firm is FALSE? Select one: O a. It tries to differentiate its product from that of competitors. O b. It may earn short-run economic profits, O c. It sets price like a perfectly competitive firm. O d. It produces the quantity at which MC=MR

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