Business, 03.12.2019 17:31 shanilafaridor97hl

Which of the following is true? a) monopolistic competition and perfect competition are both inefficient. b) monopolistic competition is efficient because of product differentiation. c) the inefficiency of monopolistic competition may be a small price to pay for the wide range of product choices it offers. d) the inefficiency of monopolistic competition is a result of advertising expenses.

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