[Solved] Below Are Data for a Monopolistically Competitive Firm

Question 43
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Below are data for a monopolistically competitive firm.
-Refer to the information above to answer this question.What is true if the firm is producing at the profit-maximizing output?

A)It is producing at economic capacity
B)It is achieving allocative efficiency.
C)It is achieving both economic and allocative efficiency
D)It is experiencing excess capacity


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