#2 Undermonopolistic competition, there is excess capacity because a. there are

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#2 Undermonopolistic competition, there is excess capacity because a. there are substantial economies of scale b. firms may want to produce in the future if demandincreases c. there are not enough firms d. the firm’s demand curve slopes downward andthe firm makes zero economic profits in the long runequilibrium e. firms are wasteful #2 Undermonopolistic competition, there is excess capacity because a. there are substantial economies of scale b. firms may want to produce in the future if demandincreases c. there are not enough firms d. the firm’s demand curve slopes downward andthe firm makes zero economic profits in the long runequilibrium e. firms are wasteful

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Characteristic of a monopolistic competition see: http://www.unf.edu/~traynham/ch14%20edited%20lecture.pdf #2 Undermonopolistic competition, there is excess capacity because a. there are substantial economies of scale b. firms may want to produce in the future if demandincreases c. there are not enough firms d. the firm’s demand curveslopes downward and the firm makes zero economic profits in thelong run equilibrium e. firms are wasteful

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#2 Undermonopolistic competition, there is excess capacity because a. there are

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