Business, 28.07.2019 03:50 wlackey2020

Monopolistic competition is an inefficient market structure because a. price exceeds marginal cost. b. it has a deadweight loss, just as monopoly does. c. at the equilibrium, some consumers will value the good at more than the marginal cost of production. d. all of the above are correct.

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Monopolistic competition is an inefficient market structure because a. price exceeds marginal cost....