A Monopolistically Competitive Firm _________ Compared to a Perfectly Competitive

Multiple Choice

A monopolistically competitive firm _________ compared to a perfectly competitive firm because it sells a ___________ product.

A) achieves lower total economic surplus;differentiated
B) achieves higher total economic surplus;differentiated
C) achieves lower total economic surplus;homogeneous
D) achieves higher total economic surplus;homogeneous
E) achieves lower total economic surplus;small