Because there are low barriers to entry in a monopolistically competitive market
A) there are many firms in the industry.
B) they produce a homogeneous product.
C) the firms are price takers.
D) there is no non-price competition.
A
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The quantity of goods exchanged in a market will be below the equilibrium quantity
A. when the price is either held above or below the equilibrium price. B. only when the price is held above the equilibrium price. C. only when the price is held below the equilibrium price. D. only when the price is rising.
If the current price of a bond is equal to its face value,
A) there is no capital gain or loss from holding the bond until maturity. B) the yield to maturity must be greater than the current yield. C) the current yield must be greater than the coupon rate. D) the coupon rate must be greater than the yield to maturity.
Which of the following is a type of economic analysis?
a. Association b. Resources c. None of these choices is a type of economic analysis. d. Positive
If the equation y = 15 - 4x was plotted, the:
A. vertical intercept would be -4. B. vertical intercept would be +4. C. vertical intercept would be +9. D. slope would be -4.