Since a firm in a monopolistically competitive markt facesa a.downward-sloping d

Question

Since a firm in a monopolistically competitive markt facesa a.downward-sloping demand curve, it will always operate withexcess capacity b.downward-sloping demand curve it will always operate at itssefficient scale c.perfectly elastic demand curve. it will always operate withexcess capacity d.perfectly inelastic demand curve, it will always operate atefficient scale Since a firm in a monopolistically competitive markt facesa a.downward-sloping demand curve, it will always operate withexcess capacity b.downward-sloping demand curve it will always operate at itssefficient scale c.perfectly elastic demand curve. it will always operate withexcess capacity d.perfectly inelastic demand curve, it will always operate atefficient scale

Explanation / Answer

c.perfectly elastic demand curve. it will always operate with excess capacity

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