Business, 14.04.2020 19:28 lyssa128

Critics argue that monopolistically competitive markets are wasteful because A. price exceeds marginal cost and minimum average total cost. B. there are too few firms in the industry. C. consumers do not benefit from product differentiation. D. due to large economies of scale, there should only be one firm in the market.

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Critics argue that monopolistically competitive markets are wasteful because A. price exceeds margin...

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