Excess Capacity Is the

Multiple Choice

Excess capacity is the

A) difference between a perfectly competitive firm's and a monopolistically competitive firm's output.
B) difference between a perfectly competitive firm's and a monopoly's output.
C) output at the maximum point of the ATC curve.
D) difference between the price charged by a monopoly and a monopolistically competitive firm with the same costs.
E) None of the above answers is correct.