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Home Q & A Board Other Fields Homework Help Business Economics
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cjohns21 cjohns21
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A year ago

Does the monopolistic competitive firm exhibit resource-allocative efficiency?



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No, because at its chosen quantity of output, price does not equal the lowest possible average total cost.



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Yes, because at its chosen quantity of output, price equals marginal cost.



▸

No, because at its chosen quantity of output, price is greater than marginal cost.



▸

Yes, because at its chosen quantity of output, price is less than marginal cost.

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Economics

Economics


Edition: 12th
Author:
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lyssa1605lyssa1605
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A year ago
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cjohns21 Author
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A year ago
This helped my grade so much Perfect
mmmm_dat_userna
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Yesterday
Smart ... Thanks!
Fanmkreyol
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2 hours ago
Thank you, thank you, thank you!
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