Most economists believe that consumers would be better off if markets were perfectly competitive rather than monopolistically competitive.
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Q205: Monopolistically competitive firms achieve allocative efficiency but
Q206: Consumers in monopolistically competitive markets face a
Q207: A monopolistic competitor does not earn profits
Q208: What is the trade-off that consumers face
Q209: What is meant by "excess capacity"? How
Q211: Productive efficiency does not hold for a
Q212: Monopolistically competitive firms have downward-sloping demand curves.In
Q213: In the long-run equilibrium, both the perfectly
Q214: In what way does long-run equilibrium under
Q215: Economists have long debated whether there is
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