mini930308 mini930308

13-12-2022
Business

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3. Which of the following are the same under monopolistic competition and in a competi- tive market in the long run? And eplanation
a. the markup the firm charges
b. the price the firm charges to consumers
c. the firm's excess capacity
d. the average total cost of production
e. the amount of advertising
f. the firm’s profit
g. the efficiency of the market structure

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