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Business, 21.07.2021 19:30 ceciliaxo

Which of the following is important in determining the extent of competition in an industry? a. the minimum level of short run average total costs of production
b. the minimum efficient scale of production relative to market demand
c. whether or not the industry product is differentiated or standardized
d. the level of market demand for the industry's product

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Which of the following is important in determining the extent of competition in an industry? a. the...
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