Impare monopolistically competitive industries with perfectly competitive industries in the long run. Which industry structure is more efficient? Compared to perfect competition, monopolistically competitive industries are A. less efficient because price is greater than marginal cost. B. more efficient because average cost is minimized. C. less efficient because marginal revenue is greater than marginal cost. D. more efficient because there is excess capacity. E. less efficient because there are fixed costs.
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Home » Business » Impare monopolistically competitive industries with perfectly competitive industries in the long run. Which industry structure is more efficient? Compared to perfect competition, monopolistically competitive industries are A.