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Monopolistic competition is an a.efficient market structure because long-run profits are zero. b.efficient market structure because each firm produces at its efficient scale. c.inefficient market

Monopolistic competition is an

a.efficient market structure because long-run profits are zero.

b.efficient market structure because each firm produces at its efficient scale.

c.inefficient market structure because there is deadweight loss.

d.Both a and b are correct

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