One of the major benefits to society of monopolistic competition is
A) high prices.
B) restricted output.
C) product differentiation.
D) the excess capacity.
E) the marku
C
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Price increases always reduce economic efficiency.
Answer the following statement true (T) or false (F)
The owner of a firm wants some advice on how to increase productivity. Suggest three ways the entrepreneur could increase labor productivity through improving technology
What will be an ideal response?
A firm in a market economy must do all of the following to succeed except
A) organize the factors of production into a functioning, efficient unit. B) be organized as a corporation. C) produce the goods and services that consumers want at a lower cost than consumers themselves can produce. D) have access to sufficient funds.
The theory that there is no predictable trends in securities prices is the
A) opportunity cost of capital. B) random walk theory. C) capital reinvestment. D) present value.