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Which of the following statements is correct? O Both a competitive firm and a monopolist are price takers. Both a competitive firm and a monopolist

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Which of the following statements is correct? O Both a competitive firm and a monopolist are price takers. Both a competitive firm and a monopolist are price makers. O A competitive firm is a price taker, whereas a monopolist is a price maker. O A competitive firm is a price maker, whereas a monopolist is a price taker

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