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(Solved): At long-run equilibrium in monopolistic competition, there is Multiple Choice both allocative and ...



At long-run equilibrium in monopolistic competition, there is
Multiple Choice
both allocative and productive efficiency.
neit

At long-run equilibrium in monopolistic competition, there is Multiple Choice both allocative and productive efficiency. neither allocative nor productive efficiency. productive efficiency but not allocative efficiency. allocative efficiency but not productive efficiency.


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Approach to solving the question: A firm is allocative efficient if the price existing in the m
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