Multiple Choice
In the long run,both monopolistic competition and competitive markets result in
A) a wide variety of brand-name choices for consumers.
B) an inefficient allocation of resources.
C) zero economic profit for firms.
D) excess capacity.
E) insufficient capacity.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Refer to the following graph to answer
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Q23: Which of the following represents monopolistic competitors?<br>A)
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