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22-09-2022
Social Studies

Answered

A monopolistically competitive market
a.may have too many or too few firms, but the government can do little to rectify the situation.
b. usually has too few firms, reducing the product variety for consumers.
c. usually has too many firms, reducing the economic profit of each firm to zero.
d. may have too many or too few firms, and the government can intervene to achieve the optimal number of firms.

Answer :

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