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Compared with Perfect Competition,monopolistic Competition Results in

Question 38

Multiple Choice

Compared with perfect competition,monopolistic competition results in


A) a wider variety of the good produced,but at higher unit costs.
B) the same degree of variety of the good,but higher unit costs.
C) fewer varieties of the good produced at lower unit costs.
D) fewer varieties of the good produced at higher unit costs.
E) a clearly more efficient social outcome.

Correct Answer:

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