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In regards to economic efficiency in the long run, economists expect a monopolistic competitive industry to: which is the best answer out of the 4

In regards to economic efficiency in the long run, economists expect a monopolistic competitive industry to:

which is the best answer out of the 4

Achieve the same level of efficiency as pure competition

Achieve approximately the same level of efficiency as an oligopoly

Demonstrate less efficiency than an industry dominated by one firm

Achieve less efficiency than pure competition, but offer consumers more choices

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