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Author Question: In monopolistic competition, there is inefficiency because price is greater than marginal cost. What ... (Read 83 times)

sam.t96

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on: May 24, 2019
In monopolistic competition, there is inefficiency because price is greater than marginal cost. What brings about this inefficiency?
◦ high concentration, as indicated by the large concentration ratio
◦ product differentiation
◦ freedom of entry and exit
◦ marginal cost rises as more output is produced
◦ the fact there are many firms in the market
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by sam.t96 on May 24, 2019

bimper21

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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sam.t96

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Reply 2 on: May 24, 2019
Great answer, keep it coming :)

Viet Thy

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Reply 3 on: Yesterday
:D TYSM

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