[Solved] Why Is It Impossible for a Monopolistically Competitive Firm to Achieve

Question 38
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Why is it impossible for a monopolistically competitive firm to achieve productive efficiency?

A)All monopolistically competitive firms are too small.
B)All monopolistically competitive firms make economic profits.
C)The market demand curve is perfectly elastic.
D)The firm's demand curve is not perfectly elastic.
E)The firm's marginal cost curve is upward-sloping.


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