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Monopolistically competitive firms are able to charge: Group of answer choices P = MC , maximizing social surplus. P > MC , so output is

Monopolistically competitive firms are able to charge:
Group of answer choices
P = MC, maximizing social surplus.
P > MC, so output is produced at minimum per unit cost.
P > MC, causing an inefficiently lower level of output.
P > MC, eliminating any lost gains from trade.

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