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Which of the following is an advantage to society of monopolistic competition?

Loraine

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Which of the following is an advantage to society of monopolistic competition?

Which of the following is an advantage to society of monopolistic competition?
A) production at the lowest possible average cost
B) product variety
C) only essential costs are incurred
D) long-run profitability
E) The firms have excess capacity so they are are always willing to increase their production.

Textbook

Essential Foundations of Economics

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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