Is A Monopolistically Competitive Firm Productively Efficient

Is a monopolistically competitive firm productively efficient?

A.No, because it does not produce at minimum average total cost.

B.Yes, because price equals average total cost.

C.Yes, because it produces where marginal cost equals marginal revenue.

D.No, because price is greater than marginal cost.

 

"Looking for a Similar Assignment? Get Expert Help at an Amazing Discount!"