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Consider the monopolistically competitive market for running shoes. The market is considered inefficient because ________ but runners _______, which may make the inefficiency worthwhile. Question
Consider the monopolistically competitive market for running shoes. The market is considered inefficient because ________ but runners _______, which may make the inefficiency worthwhile. Question content area bottom Part 1 A. a deadweight loss occurs; enjoy variety and innovation B. excess capacity occurs; pay lower prices C. demand is elastic; enjoy variety and innovation D. signalling occurs; pay lower prices E. consumers obtain variety; pay lower prices
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