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Business, 22.04.2021 15:30 samantha9014

Compared to competitive firms, firms with market power are considered Select one: a. unstable in the long run since they will always earn long-run losses even if they earn short-run profits. b. inferior since they always earn losses. c. technologically superior since they generate new inventions more efficiently than competitive firms. d. inefficient since they have lower output and set a higher price.

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