Question:

Monopolys and Competitive Market ... HELP!!!?

by  |  earlier

0 LIKES UnLike

A monopolistic competitive market in the long run ____________.

is efficient because marginal benefit exceeds marginal cost

produces a profit-maximizing output that is more than capacity output

is inefficient because they produce above minimum average total cost.

is efficient because all firms make zero normal profit

 Tags:

   Report

1 ANSWERS


  1. Is inefficient because they produce above minimum average total cost.

    A monopolistic competitor is not efficient in the long run and produces less than capacity output

    Hard question.

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.