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Economics
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Economics
Which of the following is true with regard to monopolistically competitive firms scale of production and pricing decisions Monopolistically competitive firms produce ?
A
at the efficient scale and charge a price equal to marginal cost
Option A
B
at the efficient scale and charge a price above marginal cost
Option B
With excess capacity and charge a price above marginal cost
Correct answer
D
With excess capacity and charge a price equal to marginal cost
Option D
Correct answer: C
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