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3 September, 06:56

A monopolistically competitive firm has excess capacity in the long run. This means that it: Group of answer choices produces less than the output at which average total costs are minimized. could produce more by moving to a larger plant. doesn't maximize profits. produces less than the output at which price and marginal cost are equal.

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  1. 3 September, 07:11
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    It means that it produces less than the output at which the average total cost is minimized
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