Excess capacity arises when firms cannot sell all of their output at the current market price.
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Q45: In the long run,equilibrium for a monopolistically
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Q48: Q49: At the long-run equilibrium output level,a monopolistically Q51: In the long run,a monopolistic competitor will Q52: Camille's Chicken operates in a monopolistically competitive Q53: In the long run,a monopolistically competitive firm Q54: An oligopoly is a market Q55: ![]()
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