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Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111Economics for Today 9th Edition by Irvin Tucker
Edition 9ISBN: 978-1305507111 Exercise 21
A monopolistically competitive firm is inefficient because the firm
A) earns positive economic profit in the long run.
B) is producing at an output where marginal cost equals price.
C) is not maximizing its profit.
D) produces an output where average total cost is not minimum.
A) earns positive economic profit in the long run.
B) is producing at an output where marginal cost equals price.
C) is not maximizing its profit.
D) produces an output where average total cost is not minimum.
Explanation
Verified
Verified
Therefore, the corre...
Economics for Today 9th Edition by Irvin Tucker
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