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Problem on imperfect competition

As MRP < VMP in imperfect competition if firms have market power as sellers: (1) MPPL = VMP. (2) The price of output surpasses MFC. (3) Monopolistic exploitation becomes essential to attain gain. (4) Imperfect competition can’t reach the equilibrium. (5) Employees are paid less than their VMP.

Find out the right answer from the above options.

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