Which of the Following Is TRUE

question 146

Multiple Choice

Which of the following is TRUE?

• A) All markets should be oligopolies because that is the most efficient market structure.
• B) Monopolistic competition results in excess capacity, since in the long run the point where MR = MC is to the right of the minimum of the ATC curve.
• C) In monopolistic competition firms earn large economic profits in the long run.
• D) In monopolistic competition firms earn zero economic profits in the long run.

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