Which of the Following Is Correct

question 87

Multiple Choice

Which of the following is correct?

• A) The excess capacity problem diminishes as the monopolistically competitive firm's demand curve becomes less elastic.
• B) The excess capacity problem means that monopolistically competitive firms typically produce at some point on the rising segment of their average total cost curve.
• C) The greater the degree of product variation, the lesser is the excess capacity problem.
• D) The greater the degree of product variation, the greater is the excess capacity problem.

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