Question: Whats the answer? Choose the statement about monopolistic competition that is correct. O A. The firm's markup results from the firm producing the quantity at

Whats the answer?

Whats the answer? Choose the statement about monopolistic competition that is correct.

Choose the statement about monopolistic competition that is correct. O A. The firm's markup results from the firm producing the quantity at which marginal cost does not equal marginal revenue. O B. Monopolistic competition can never be considered to be efficient. O C. The efficient degree of product variety is the one for which the marginal social benefit of product variety equals its marginal social cost. O D. The firm can incur an economic loss or make an economic profit in the short run but in the long run the firm makes an economic profit or breaks even

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