Monopolistic Competition Is Considered Inefficient Because

question 33

Multiple Choice

Monopolistic competition is considered inefficient because

• A)price exceeds marginal cost.
• B)output is excessive.
• C)long-run profits are positive.
• D)barriers to entry limit the number of firms in the market.

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Definitions:

Face-to-Face Conversation

Direct communication between two or more people, where participants can see each other and respond in real-time.

Monotone

A continuous, unchanging sound or voice that lacks intonation or expressiveness.

Professional Talking

Engaging in conversation or dialogue that pertains to one's profession, often characterized by specialized knowledge or terminology.

Word Choice

The selection of specific words to convey meaning, tone, and style in a piece of writing.