Which of the following is a question economists have struggled to address with only partial success?
A) Whether monopolistic competition provides optimal productive or allocative efficiency?
B) Whether a market-oriented economy produces the optimal amount of variety?
C) Does a market-orientated economy provide productive or allocative efficiency?
D) Does a monopolistically competitive industry displays allocative efficiency in the short run?

Question

Quizplus · Accepted Answer

Economists have struggled to determine if a market-oriented economy produces the optimal amount of variety, as this involves subjective preferences and complex market dynamics.

Which of the Following Is a Question Economists Have Struggled