Which of the Following Is NOT Regarded as a Source

question 25

Multiple Choice

Which of the following is NOT regarded as a source of inefficiency in monopolistic competition?

• A) The fact that price exceeds marginal cost
• B) Excess capacity
• C) Product diversity
• D) The fact that long-run average cost is not minimized
• E) all of the above

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Definitions:

Biology

The scientific study of living organisms and their interactions with each other and their environments.

Environment

The surroundings or conditions in which an organism lives or operates, including natural, social, and cultural factors.

Preformationism

The belief that adultlike capacities, desires, interests, and emotions are present in early childhood.

Ethnography

The study of the cultural organization of behavior.