In both monopolistically competitive and perfectly competitive industries

A) firms produce products for which there are no close substitutes.
B) firms are price takers.
C) there are high barriers to entry.
D) there are many buyers and sellers.


D

Economics

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a. True b. False

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a. gross domestic product b. gross national product c. net national product d. national income e. gross private domestic investment

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What does it mean to "monetize the deficit"? Why is it important in discussions of fiscal policy? Use an appropriate diagram to illustrate your answer

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