A monopolistically competitive market could be considered inefficient because
a. marginal revenue exceeds average revenue.
b. price exceeds marginal cost.
c. the efficient scale of production is only achieved in the long run, not in the short run.
d. markup pricing does not occur in any other market structure.
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A monopolistically competitive market could be considered inefficient because a. marginal revenue exceeds average revenue. b. price exceeds ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » A monopolistically competitive market could be considered inefficient because a. marginal revenue exceeds average revenue. b. price exceeds marginal cost. c. the efficient scale of production is only achieved in the long run, not in the short run. d.