As a result of standardized products

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Reference no: EM13982001

As a result of standardized products, under perfect competition:

A. Firms are confronted by diminishing returns.

B. Firms will seek to attain quality advantages.

C. Firms face perfectly elastic demand curves.

D. Firms face perfectly inelastic demand curves.

E. Firms are forced to advertise.

Reference no: EM13982001

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