Some economists argue that monopolistically competitive markets are inefficient because:
A. the firms earn economic profits in the long run.
B. the firms' marginal costs and marginal revenues are not always equal.
C. firms do not produce the output rate that would minimize their average total cost.
D. barriers to entry are high.
Answer: C
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________ in the natural unemployment rate. A) a decrease; a decrease B) an increase; an increase C) no change; a decrease D) an increase; no change E) a decrease; an increase
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