A positive supply shock causes stagflation in the short run

For a firm in monopolistic competition, define efficient scale and excess capacity. Briefly explain each

What will be an ideal response?

Dumping occurs when a firm

A) sells too much of a good in a foreign country. B) sells in a foreign country at prices that are below fair value. C) sells in its home market at prices that are below the average price charged by its competitors. D) sells in a foreign market at prices that are below the prices charged by firms based in the foreign market. E) charges more than a fair price.