[Solved] All of the Following Statements,except One,are Correct About a Firm

Question 102
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All of the following statements,except one,are correct about a firm operating under conditions of either monopolistic competition or oligopoly.Which is the exception?

A)Graphically,it faces a downward-sloping demand curve.
B)It charges a price above marginal cost in both the short run and the long run.
C)It charges a price equal to average cost in both the short run and the long run.
D)It fails to achieve economic efficiency.
E)It fails to achieve productive efficiency.


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