The Variety of Products and Features That Consumers May Choose

question 97

Multiple Choice

The variety of products and features that consumers may choose from in monopolistically competitive industries

• A)at least partially offsets the economic inefficiencies of this market structure.
• B)leads to an optimal allocation of resources in the market structure.
• C)guarantees that firms produce at full-capacity output levels.
• D)makes the demand curves facing firms in these industries perfectly elastic.

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