In the long run, firms in monopolistic competition produce at a level that is ________ the efficient scale of output.
A) less than
B) equal to
C) more than
D) All of the above are possible depending on market conditions.
Correct Answer:
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Q171: In monopolistic competition, in the long run
Q172: The efficient scale of a firm is
Q173: A monopolistically competitive firm in the long
Q174: In monopolistic competition, excess capacity results from
A)
Q175: Which of the following is TRUE regarding
Q177: In its long-run equilibrium, a firm in
Q178: A firm is said to have excess
Q179: In monopolistic competition in the long run,
Q180: In the long run, a firm in
Q181: 
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