Business, 14.12.2019 02:31 kkruvc

Excess capacity refers to the:

a) amount by which actual production falls short of the minimum atc output.
b) fact that entry barriers artificially reduce the number of firms in an industry.
c) differential between price and marginal costs which characterizes monopolistically competitive firms.
d) fact that most monopolistically competitive firms encounter diseconomies of scale.

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Excess capacity refers to the:

a) amount by which actual production falls short of the...