In monopolistically competitive markets, zero economic profit is associated with excess capacity because: a. ATC is risi

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answerhappygod
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In monopolistically competitive markets, zero economic profit is associated with excess capacity because: a. ATC is risi

Post by answerhappygod »

In monopolistically competitive markets, zero economic profit is
associated with excess capacity because:
a.
ATC is rising.
b.
ATC is not minimised.
c.
P > ATC
d.
the long run output is chosen where, MR > MC.
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