In the long run, firms in monopolistic competition produce at a level that is _______ the efficient scale of output.

Name: In the long run, firms in monopolistic competition produce at a level that is _______ the efficient scale of output.
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In the long run, firms in monopolistic competition produce at a level that is less than the efficient scale of output due to the downward-sloping demand curve they face, which prevents them from achieving the lowest average total cost.

In the Long Run, Firms in Monopolistic Competition Produce at a Level