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cjohns21 cjohns21
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6 months 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.



▸

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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6 months ago
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cjohns21 Author
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6 months ago
Correct Slight Smile TY
shimyshiguy
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Yesterday
this is exactly what I needed
mambah4
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2 hours ago
You make an excellent tutor!
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