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Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383

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BuyFindarrow_forward

Economics (MindTap Course List)

13th Edition
Roger A. Arnold
ISBN: 9781337617383
Textbook Problem

Why do monopolistic competitors operate at excess capacity?

To determine

Explain why the monopolistic competitors operate at excess capacity.

Explanation

The excess capacity of production in the monopolistic competition occurs where there is a gap between the profit-maximizing output and minimum average total cost (ATC) output...

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