In monopolistic competition, product improvement and development
A) are valued by the consumer at an amount equal to the costs the producers have incurred.
B) yields a marginal benefit to the producer equal to price of the good.
C) is less than its efficient amount.
D) None of the above answers are correct.
C
Economics
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a. True b. False Indicate whether the statement is true or false
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Free riding is a problem
A) if an individual's contribution to a team is not easily measured. B) if an individual's contribution is to a team is easily measured. C) when monitoring is costless. D) when team members are altruistic.
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