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11 Dec 2019
The product-variety externality arises in monopolistically competitive markets because:
a. firms produce with excess capacity.
b. firms try to differentiate their products.
c. firms would like to produce homogeneous products, but a large number of firms prohibit it.
d. entry and exit are restricted.
The product-variety externality arises in monopolistically competitive markets because:
a. firms produce with excess capacity.
b. firms try to differentiate their products.
c. firms would like to produce homogeneous products, but a large number of firms prohibit it.
d. entry and exit are restricted.
Sonia DhawanLv10
1 Sep 2020