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Author Question: Even though monopolistic competition results in inefficiency, it does have which of the following ... (Read 35 times)

ashley

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on: May 24, 2019
Even though monopolistic competition results in inefficiency, it does have which of the following benefits for society?
◦ Firms make zero economic profit in the long run.
◦ Firms can make an economic profit in the short run.
◦ Product variety benefits consumers.
◦ Marginal cost equals price in the long run.
◦ The premise of the question is incorrect because nothing in monopolistic competition justifies any economic inefficiency.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by ashley on May 24, 2019

bdobbins

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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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ashley

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Reply #2 on: May 24, 2019
Thank you!


bdobbins

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Reply #3 on: May 24, 2019
Always glad to help...


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