Monopolistic Competition Is an Inefficient Market Structure Because

question 487

Multiple Choice

Monopolistic competition is an inefficient market structure because

• A)marginal revenue equals marginal cost.
• B)it has a deadweight loss, just as monopoly does.
• C)long-run profits are zero due to free entry.
• D)All of the above are correct.

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Definitions:

Rectal Cancer

A form of cancer that begins in the rectum, the lower part of the large intestine, leading to symptoms like bleeding, weight loss, and pain.

Obese

A medical condition characterized by excessive body fat, increasing the risk of health issues and diseases.

Vegetables

Edible plants or parts of plants that are consumed by humans as part of a meal, usually savory in flavor.

Fruits

Edible plant structures that typically contain seeds and are sweet or sour in taste, often consumed raw for their nutritional benefits.