Is a monopolistically competitive firm productively efficient? Is it allocatively efficient? Why or why not?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 29, 2023 01:15 PM

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Is a monopolistically competitive firm productively efficient? Is it allocatively efficient? Why or why not?

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Monopolistically competitive firms are not typically productively efficient or allocatively efficient and Ill explain why Productive Efficiency Produc...View the full answer

Principles Of Economics

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