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Compared to a perfectly competitive firm having the same cost curves, a monopolistically competitive firm ________ output and ________ prices.
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Compared to a perfectly competitive firm having the same cost curves, a monopolistically competitive firm ________ output and ________ prices.

User Patryk Janik
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Answer:

Reduces

Raises

Step-by-step explanation:

Compared to a perfectly competitive firm having the same cost curves, a monopolistically competitive firm reduces output and raises prices.

The topic that explains this is economic efficiency and resource allocation.

User Pronevich
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