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13 questions from this quiz
Many firms selling differentiated products
Many firms with small market shares
Low barriers
Normal profits
Non-price competition
Product differentiation
Downward sloping
When P>ATCP > ATCP>ATC
When P<ATCP < ATCP<ATC
Where MR=MCMR = MCMR=MC
P=ACP = ACP=AC
Entry and exit of firms
Below the demand curve
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