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Kyuubi Kyuubi
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Posts: 1012
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6 years ago
The excess capacity theorem states that in long-run equilibrium, a firm in monopolistic competition will produce an output less than that which will minimize average cost.

True or False?
Textbook 
Microeconomics

Microeconomics


Edition: 2nd
Author:
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Replies
wrote...
6 years ago
TRUE
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