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Business, 24.04.2020 03:50 CAPEPOPPA

Which of the following statements is correct?

a. Both perfectly competitive and monopolistic firms are price takers.
b. Both perfectly competitive and monopolistic firms are price makers.
c. A perfectly competitive firm is a price taker, while a pure monopoly is a price maker.
d. A perfectly competitive firm is a price maker, while a pure monopoly is a price taker.

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Which of the following statements is correct?

a. Both perfectly competitive and monopoli...
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