Business, 24.12.2020 16:00 lwattsstudent

Monopolistically competitive firms do not achieve allocative efficiency because the . Multiple choice question. price for a monopolistically competitive firm is lower than the average cost output produced is less than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society output produced is more than optimal and consumers pay a lower than competitive price, causing inefficient use of resources for society price for a monopolistically competitive firm exceeds the marginal cost

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Monopolistically competitive firms do not achieve allocative efficiency because the . Multiple choic...