What Is the Trade-Off That Consumers Face When Buying the Product

Multiple Choice

What is the trade-off that consumers face when buying the product of a monopolistically competitive firm?

A) Consumers pay higher prices but receive better quality goods compared to the output of perfectly competitive firms.
B) Consumers pay a price greater than marginal cost, but have the luxury of choices more suited to their tastes.
C) Consumers pay higher prices but the products are produced by highly efficient firms.
D) Consumers pay lower prices but have fewer choices.