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Which relationship is true, if QC: total Cournot output, QS: total Stackelberg output, QPC: total perfect competition output, QM: total monopoly output: a. PM >
Which relationship is true, if QC: total Cournot output, QS: total Stackelberg output, QPC: total perfect competition output, QM: total monopoly output:
a. PM > PPC > PC > PS = MC
b. PM > PS > PC > PPC = MC
c. PC > MC > PS > PPC = MC
d. PM > PC > PS > PPC = MC
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