Which of the following statements regarding monopolist competition is FALSE? OA) Monopolistic competition is definitely inefficient because price exceeds marginal cost. ()B) A greater degree of product variety creates a loss because the quantity produced is less than the efficient quantity. OG) Compared to a situation with total product uniformity, monopolist competition might be efficient. ()D) Resources are used efficiently when marginal social benefit equals marginal social cost. ()E) A firm in monopolistic competition produces a quantity that is less than the efficient scale