One prediction about monopolistic competition is that it has higher unit costs than perfect competition.But it is unreasonable to conclude that monopolistic competition is therefore bad for consumers because
A) consumers benefit from products becoming more homogeneous.
B) consumers benefit because of an increase in quantity available.
C) higher production costs means more employment.
D) consumers benefit from lower prices.
E) consumers benefit from an increased variety of products.
Correct Answer:
Verified
Q1: The diagram below shows selected cost and
Q2: The diagram below shows demand and cost
Q3: FIGURE 11- 2 Q5: The diagram below shows demand and cost Q6: In a monopolistically competitive industry,the freedom of Q7: Suppose there are many independent dry cleaners Q8: A characteristic of a monopolistically competitive market Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()