Explain why firms in monopolistically competitive industries end up too small to be able to produce efficiently in long-

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answerhappygod
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Explain why firms in monopolistically competitive industries end up too small to be able to produce efficiently in long-

Post by answerhappygod »

Explain why firms in monopolistically competitive
industries end up too small to be able to produce efficiently in
long-run equilibrium. To get full credit, your answer should talk
about price, marginal revenue, marginal cost, profits, and average
cost.
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