A perfectly competitive firm takes _________ as given, and selects a _________ in response.
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Q70: Duopoly, oligopoly, and monopolistic competition are all
Q71: The behavior of the perfect competitor can
Q72: If a firm shuts down immediately, it
Q73: New firms will enter a perfectly competitive
Q74: In the long run, all firms in
Q76: If price is less than average _
Q77: Economies of scale give rise to _
Q78: For monopoly power to persist, there must
Q79: Alcoa became a monopoly producer of aluminum
Q80: A cartel seeks to restrict industry output
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