Consider the monopolistically competitive market for running ...

[yoooooman]

Consider the monopolistically competitive market for running shoes. The market is considered inefficient because ________ but runners ________ which may make the inefficiency worthwhile.
◦ excess capacity occurs; pay lower prices
◦ a deadweight loss occurs; enjoy variety and innovation
◦ consumers obtain variety; pay lower prices
◦ demand is elastic; enjoy variety and innovation
◦ signalling occurs; pay lower prices

[epscape]

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[yoooooman]

Great answer, keep it coming

[jackie]

Thanks for the timely response, appreciate it