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blinkrb blinkrb
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A year ago
Compared with perfect competition, monopolistic competition results in

▸ fewer varieties of the good produced at lower unit costs.

▸ the same degree of variety of the good, but higher unit costs.

▸ fewer varieties of the good produced at higher unit costs.

▸ a wider variety of the good produced, but at higher unit costs.

▸ a clearly more efficient social outcome.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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jbeejbee
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A year ago
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blinkrb Author
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A year ago
Thanks
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This site is awesome
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You make an excellent tutor!
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