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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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Also, we need to bear in mind that Operations management activities are done in any business in other to efficiently (profitably) process raw materials,  labor, etc into the goods and services needed by consumers.

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I hope this helps. :D

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