If a consumer is paying higher price for a given product and for a given price they are getting inferior product. It describes ____________ form of market
A. Long run equilibrium under monopolistic competition
B. Short run equilibrium under monopolistic competition
C. long run equilibrium under monopolistic
D. short run equilibrium under monopolistic
Answer:A
If a consumer is paying higher price for a given product and for a given price they are getting inferior product. It describes ____________ form of market
A. Long run equilibrium under monopolistic competition B. Short run equilibrium under monopolistic competition C. long run equilibrium under monopolistic D. short run equilibrium under monopolistic