Business, 22.07.2019 18:20 dummynate

Which statement concerning monopolistic competition is false? a. long-run equilibrium under monopolistic competition and pure competition both entail zero economic profits for firms. b. monopolistic competition is likely to result in a greater variety of product brands than pure competition. c. the monopolistically competitive demand curve is more elastic than the demand curve facing a monopoly. d. long-run equilibrium in monopolistic competition does not entail any economic inefficiency because of easy entry and exit.

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Which statement concerning monopolistic competition is false? a. long-run equilibrium under monopol...

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