Monopolistically competitive markets and monopoly market have a common characteristic: high barriers to entry.
Answer the following statement true (T) or false (F)
False
You might also like to view...
Which of the following would constitute the strongest evidence of employment discrimination against female employees?
a. The average wage of female workers is lower than the average wage of males. b. The average wage of female employees is lower than the average wage of males with similar productive characteristics. c. The mean number of years of schooling of female workers is lower than that of males. d. The average hours worked by female employees is less than the average hours worked by males.
Other things constant, an increase in resource prices will:
A. increase aggregate demand. B. decrease aggregate demand. C. decrease aggregate supply. D. increase aggregate supply.
College students living off-campus frequently consume large amounts of ramen noodles and boxed macaroni and cheese. When they finish school and start careers, their consumption of both goods frequently declines. This suggests that ramen noodles and boxed
macaroni and cheese are: A. inferior goods. B. normal goods. C. complementary goods. D. substitute goods.
With a required reserve ratio of 20 percent, an increase in reserves of $10,000 could lead to a maximum increase in checking account deposits in the entire banking system of
A) $2,000. B) $8,000. C) $50,000. D) $100,000.