Why is a monopolistically competitive firm not allocatively efficient?

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Macroeconomics

ISBN: 9780135801741

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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Question Posted: Nov 03, 2023 06:05 AM

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Why is a monopolistically competitive firm not allocatively efficient?

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A monopolistically competitive firm is not allocatively efficient because it does not produce the qu...View the full answer

Macroeconomics

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