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In Long-Run Equilibrium,a Monopolistically Competitive Firm's AC Equals Price

question 144

Essay

In long-run equilibrium,a monopolistically competitive firm's AC equals price.Given this,why hasn't it achieved productive efficiency? How is excess capacity related to your answer?


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The worsening or intensification of pain sensations in the body.

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A general term indicating a decrease in quantity, intensity, or magnitude of a certain object, substance, or activity.

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