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An excess capacity is the difference between ___________, which is

a staring quantity at minimum average cost, and a profit-maximizing quantity, and a mark-up is the difference between a profitmaximizing price and the marginal cost at the long run equilibrium for a monopolistically competitive firm. A A A Minimum efficient scale
B Constant returns to scale
C Productive efficiency

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An excess capacity is the difference between ___________, which is a staring quantity at minimum average cost, and a profit-maximizing quantity, and...
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