Refer to the figure above. Which of the following combinations is attainable but inefficient?
A) A
B) B
C) C
D) D
A
Economics
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Large barriers to entry exist in which of the following market structures?
A. Perfect competition only B. Monopoly only C. Perfect competition and monopolistic competition D. Oligopoly and monopoly
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In long-run equilibrium in a monopolistically competitive industry:
A. P > minimum ATC. B. P < MC. C. P = MC. D. P = minimum ATC.
Economics