Which of the following is NOT a feature of a monopolistically competitive market?

Correct answer D. The monopolist makes economic profits in the long run while the monopolistic competitor makes zero economic profits in the long run

Correct answer B. Marginal revenue and then use the demand curve to determine the price consistent with this quantity

Correct answer B. With excess capacity and charge a price above marginal cost

Correct answer B. There are too many firms in the market and market efficiency could be increased if firms exited the market