Monopolistically competitive industries are inefficient because
A) they realize diseconomies of scale.
B) advertising costs retard technological advance and product development.
C) they are overpopulated with firms whose plants are underutilized.
D) monopolistically competitive sellers engage in misleading advertising.
Correct Answer:
Verified
Q233: Which of the following statements is correct?
A)There
Q234: The economic inefficiencies of monopolistic competition may
Q235: Q236: Monopolistic competitive firms are productively inefficient because Q237: Dequam likes product variety, while Natasha is Q239: Which of the following is correct? Q240: In the long run, a monopolistically competitive Q241: In Wendy's 1987 commercial depicting a Soviet Q242: Compared to pure competition, monopolistic competition Q243: Which is not a common form of
A)The excess
A)provides greater
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