Some economists argue that monopolistically competitive markets are inefficient because:
A. the firms earn economic profits in the long run.
B. the firms' marginal costs and marginal revenues are not always equal.
C. firms do not produce the output rate that would minimize their average total cost.
D. barriers to entry are high.
Answer: C
Economics
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Define and explain how we calculate the marginal propensity to consume and the marginal propensity to save
What will be an ideal response?
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