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sgy_89 sgy_89
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6 years ago
Monopolistically competitive firms fail to achieve allocative efficiency because
A) they do not operate at the minimum point on their average total cost curve.
B) they produce more output than is socially desirable.
C) they produce at an output level where price exceeds marginal cost.
D) they do not operate at the minimum point on their marginal cost curve.
E) they are able to earn economic profits in the long run.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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