One source of economic inefficiency from monopolistic competition is
A) markup.
B) less variety for consumers.
C) more variety for consumers.
D) higher costs because firms can enter the industry.
E) lower marginal costs,but higher average costs than with perfect competition.
Correct Answer:
Verified
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Q86: Excess capacity best describes the fact that
A)
Q88: A monopolistically competitive firm is inefficient because
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Q90: In a monopolistically competitive industry,price
A) will be
Q91: You operate a monopolistically competitive firm and
Q92: A competitive firm would have
A) more elastic
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