A monopolistically competitive market could be considered inefficient because
a. marginal revenue exceeds average revenue.
b. price exceeds marginal cost.
c. the efficient scale of production is only achieved in the long run, not in the short run.
d. markup pricing does not occur in any other market structure.
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Home » Business » A monopolistically competitive market could be considered inefficient because a. marginal revenue exceeds average revenue. b. price exceeds marginal cost. c. the efficient scale of production is only achieved in the long run, not in the short run. d.