When a firm operates with excess capacity, it must be in a monopolistically competitive market.
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Q21: The term excess capacity refers to the
Q22: A firm in a monopolistically competitive market
Q23: In the long run, monopolistically competitive firms
Q24: In the long run, monopolistically competitive firms
Q25: When a firm in a monopolistically competitive
Q27: In a monopolistically competitive market, the demand
Q28: In a long-run equilibrium, firms in both
Q29: In a monopolistically competitive market, the number
Q30: When a profit-maximizing firm in a monopolistically
Q31: The product-variety externality states that entry of
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