Which of the Following Is an Advantage to Society of Monopolistic

question 237

Multiple Choice

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

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

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Definitions:

Mammalian Primate Biology

The study of the biological aspects, characteristics, and behaviors of primates, which are a group of mammals that includes humans, monkeys, and apes.

Behavioral Patterns

Repeated actions or responses by individuals or groups, which are often indicative of underlying social norms, beliefs, or psychological states.

Endangered

Refers to species that are at risk of extinction due to a drastic decline in population and habitat loss.