Question
Under monopolistic competition, prices are ______ marginal costs, which lead to______. a.below; economic inefficiency b.above; economic efficiency c.below, economic efficiency d.above; economic inefficiency
Under monopolistic competition, prices are ______ marginal costs, which lead to______.
a.below; economic inefficiency
b.above; economic efficiency
c.below, economic efficiency
d.above; economic inefficiency
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Managerial Economics
Authors: William F. Samuelson, Stephen G. Marks
8th edition
1118808940, 978-1119025900, 1119025907, 978-1119025924, 978-1118808948
