Solved

Monopolistic Competition Is Judged to Be Economically Inefficient Because

Question 62

Multiple Choice

Monopolistic competition is judged to be economically inefficient because


A) firms make an economic profit in the long run.
B) firms have deficient capacity in the long run.
C) marginal revenue equals marginal cost.
D) firms make zero economic profit in the long run.
E) the price is greater than marginal cost.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents