Economics · Monopolistic Competition
Excess capacity of a firm under imperfect competition refers to the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Total production during economic peak
- 2Additional overtime work performed by workers
- 3Gap between optimum output level and actual output level✓
- 4Excess of actual output over optimum output level
Correct answer
Gap between optimum output level and actual output level
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