Is a monopolistically competitive firm allocatively efficient? A. Yes, because it produces where marginal cost equals marginal revenue. B. No, because it does not produce at minimum average total cost. C. No, because price is greater than marginal cost. D. Yes, because price equals average total costs.
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Home » Business » Is a monopolistically competitive firm allocatively efficient? A. Yes, because it produces where marginal cost equals marginal revenue. B. No, because it does not produce at minimum average total cost. C.