A monopolistically competitive firm in a long-run equilibrium will likely produce which of the following?  A. a technically efficient amount of outputB. less than a technically efficient amount of output and less than an allocatively efficient amount of outputC. more than a technically efficient amount of output but less than an allocatively efficient amount of outputD. an allocatively efficient amount of production.E. less than a technically efficient amount of output and more than an allocatively efficient

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter14: Monopolistic Competition And Product Differentiation
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A monopolistically competitive firm in a long-run equilibrium will likely produce which of the following? 


A. a technically efficient amount of output

B. less than a technically efficient amount of output and less than an allocatively efficient amount of output

C. more than a technically efficient amount of output but less than an allocatively efficient amount of output

D. an allocatively efficient amount of production.

E. less than a technically efficient amount of output and more than an allocatively efficient

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