Popular online publications that have no close substitutes will be more likely to be able to charge for those publications than will a local newspaper.
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Q15: One of the assumptions upon which the
Q16: In a perfectly competitive market, the market
Q17: In a perfectly competitive market, firms face
Q18: A perfectly competitive firm will always maximize
Q19: For the perfectly competitive firm, the demand
Q21: Perfectly competitive industries are
A)difficult to enter because
Q22: For a perfectly competitive firm,
A)the marginal revenue
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