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A monopolistically competitive firm is not allocatively efficient because:

A) price is equal to marginal cost.

B) price is greater than marginal cost.

C) price is less than marginal cost.

D) price is equal to average cost.

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Jamar Ferry
Jamar FerryLv2
17 Mar 2020

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Related questions

A monopolistically competitive firm will increase its production if:

A) Marginal revenue is greater than marginal cost

B) Marginal revenue is greater than average total cost

C) Price is greater than marginal cost

D) Price is greater than average total cost

A monopolistically competitive firm will increase its production if
a. marginal revenue is greater than marginal cost.
b. marginal revenue is greater than average total cost.
c. price is greater than marginal cost.
d. price is greater than average total cost.
 

A monopolistically competitive firm will increase its production if 

a. Marginal Revenue is greater than marginal cost

b. Marginal Revenue is greater than average total cost

c. Price is greater than Marginal Cost

d. Price is greater than average total cost.

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