The administrative burden of regulating price in amonopolistically competitive m
ID: 1254138 • Letter: T
Question
The administrative burden of regulating price in amonopolistically competitive market is a.small due to economies of scale. b .large because price is usually below marginal cost. c.large because of the large number of firms that producedifferentiated products. d.small because firms produce with excess capacity. The administrative burden of regulating price in amonopolistically competitive market is a.small due to economies of scale. b .large because price is usually below marginal cost. c.large because of the large number of firms that producedifferentiated products. d.small because firms produce with excess capacity.Explanation / Answer
C. large because of the large number of fimrs that produce differentiated products
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