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QUESTION
8 The point where imperfect competitors will price their products and earn the highest level of total revenues is
8 The point where imperfect competitors will price their products and earn the highest level of total revenues is
at the midpoint of the demand curve where total revenues are highest on the total revenue curve.
True
False
7 In general, we can expect higher barriers of entry for a monopolistically competitive market structure than an oligopoly market structure.
