Economics 9708 · AS & A Level · 7.6

7.6 — practice question

What outcome is reached in monopolistic competition in the long run?

  • Aallocative efficiency: no; supernormal profit: no
  • Ballocative efficiency: no; supernormal profit: yes
  • Callocative efficiency: yes; supernormal profit: no
  • Dallocative efficiency: yes; supernormal profit: yes

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