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Efficiency in Monopolistic Competition
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Problem 10
Efficiency in Monopolistic Competition
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13. Monopolistic Competition / Efficiency in Monopolistic Competition / Problem 3
Problem 3
What is the condition for allocative efficiency?
A
Price equals average total cost.
B
Price equals marginal cost.
C
Marginal benefit equals marginal cost.
D
Marginal cost equals marginal revenue.
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