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Ivahew [28]
3 years ago
5

True/False/Explain – If all production processes were subject to constant returns to scales for all output levels, monopolistic

competition would not lead to the problem of “excess capacity”.
True/False/Explain – Monopolistic competition is characterized by free entry and exit so in the long run, there is no deadweight loss associated with this market structure.
Business
1 answer:
Elena L [17]3 years ago
4 0
The answer is true okay!
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