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Author Question: With regard to the long-run equilibrium in the two market structures, the higher unit costs in ... (Read 54 times)

mustachegiraffe

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on: Oct 12, 2022
With regard to the long-run equilibrium in the two market structures, the higher unit costs in monopolistic competition relative to perfect competition implies that
◦ there is a tradeoff between product variety and the ability to minimize cost per unit.
◦ society would be better off if there were fewer, and more homogeneous, goods produced at the scale at which average costs are minimized.
◦ the government should force monopolistically competitive firms to behave like perfectly competitive firms.
◦ resources are being used inefficiently in perfect competition.
◦ firms are restricting output to extract positive economic profits.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by mustachegiraffe on Oct 12, 2022

studyforce.com

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Reply #1 on: Oct 12, 2022
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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mustachegiraffe

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

meow1234

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Reply 3 on: Yesterday
:D TYSM

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