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A monopolistically competitive firm has excess capacity in the long run. This means that it: Group of answer choices produces less than the output at which average total costs are minimized. could produce
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A monopolistically competitive firm has excess capacity in the long run. This means that it: Group of answer choices produces less than the output at which average total costs are minimized. could produce more by moving to a larger plant. doesn't maximize profits. produces less than the output at which price and marginal cost are equal.

User Moshe Perez
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Answer:

It means that it produces less than the output at which the average total cost is minimized

User Taseenb
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