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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.
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Essentials of Economics

Essentials of Economics


Edition: 4th
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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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