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Which of the following is true? Question 19 options: Under Perfect Competition and monopoly firms are...

Which of the following is true?

Question 19 options:

Under Perfect Competition and monopoly firms are "price makers".

Under Perfect Competition firms are "price makers". Under monopoly, the firm is a "price taker"

Under Perfect Competition and monopoly, firms are "price takers".

Under Perfect Competition firms are "price takers". Under monopoly, the firm is a "price maker"
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