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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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9 years ago
Is a monopolistically competitive firm productively efficient?
A) No, because it does not produce at minimum average total cost.
B) Yes, because it produces where marginal cost equals marginal revenue.
C) No, because price is greater than marginal cost.
D) Yes, because price equals average total cost.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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VincenzoDVincenzoD
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8 years ago
The correct answer is

No, because it does not produce at minimum average total cost.
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