Under monopolistic competition, entry to the industry is:
A. completely free of barriers.
B. more difficult than under pure competition but not nearly as difficult as under pure
monopoly.
C. more difficult than under pure monopoly.
D. blocked.
Answer: B
You might also like to view...
The federal government receives most of its revenue from personal income taxes and payroll taxes.
Answer the following statement true (T) or false (F)
Keynes called money people hold to make routine day-to-day purchases the:
A. transactions demand for holding money. B. precautionary demand for holding money. C. speculative demand for holding money. D. store of value demand for holding money.
The weaker economies in the European Union were forced to _____to be eligible to receive bailouts.
A. decrease spending and taxes B. increase spending and taxes C. decrease spending and increase taxes D. increase spending and cut taxes
The point we were making in using the pictures above and similar examples was that
A) large income differences permit wide variation in the quality of items purchased B) the wealthy use vastly different means of transportation than middle income households C) consumption differences are not as spread out as income differences D) wealthy people prefer black cars relative to blue cars