Which of the Following Is an Advantage to Society of Monopolistic

question 74

Multiple Choice

Which of the following is an advantage to society of monopolistic competition?

• A) Only essential costs are incurred.
• B) The firms have excess capacity so they are always willing to increase their production.
• C) Long-run profitability.
• D) Production at the lowest possible average cost.
• E) Product variety.

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Definitions:

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