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Monopolistically Competitive Firms Are Productively Inefficient Because Production Occurs Where

Question 78

Multiple Choice

Monopolistically competitive firms are productively inefficient because production occurs where:


A) marginal cost is greater than marginal revenue.
B) marginal cost is less than marginal revenue.
C) average total cost is greater than the minimum average total cost.
D) average total cost is less than the difference between average total cost and average variable cost.

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