valdezlizbeth6405 valdezlizbeth6405

25-05-2022
Biology

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Monopolistic competition is characterized by excess capacity because.

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maryammohiuddin2010 maryammohiuddin2010

25-05-2022

Answer: the firm is said to have excess capacity because it can easily accommodate an increase in production. excess capacity is the major social cost of a monopolistically competitive market.

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