question archive The greater the product differentiation between monopolistic competitive firms, a) the higher the average variable costs

The greater the product differentiation between monopolistic competitive firms, a) the higher the average variable costs

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The greater the product differentiation between monopolistic competitive firms,

a) the higher the average variable costs.

b) the lower the price elasticity of demand.

c) the lower the barriers to entry.

d) the greater the price elasticity of demand.

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