Monopolistically competitive firms in long run equilibrium produce at _________ than the optimal scale.

Monopolistic competition characterizes an industry wherein many firms offer services or products which are comparable (however no longer best) substitutes. Boundaries to access and exit in a monopolistic aggressive enterprise are low, and the decisions of someone company no longer without delay have an effect on those of its competition.

Monopolistic opposition is a form of imperfect opposition such that there are numerous producers competing against each other, but promoting products that can be differentiated from each other and subsequently are not perfect substitutes.

In essence, monopolistically competitive markets are named as such due to the fact, even as corporations are competing with each other for the equal organization of clients to a few degrees, each company's product is a little bit extraordinary from that of all of the different corporations, and therefore each company has something akin to a mini-monopoly.

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Question:Monopolistically competitive firms in long run equilibrium produce at_____________ than the optimal scale.

A) less than

B) more than

C) sometimes more and sometimes less than

D) exactly

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