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geniusboy [140]
3 years ago
8

A monopolistically competitive firm has excess capacity in the long run. This means that it: Group of answer choices produces le

ss than the output at which average total costs are minimized. could produce more by moving to a larger plant. doesn't maximize profits. produces less than the output at which price and marginal cost are equal.
Business
1 answer:
jarptica [38.1K]3 years ago
4 0

Answer:

It means that it produces less than the output at which the average total cost is minimized

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The correct answer to this open question is the following.

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