Product differentiation in a monopolistically competitive market always entails more costs than benefits.
Indicate whether the statement is true or false.
Ans: False.
You might also like to view...
Which of the following institutions are NOT examples of financial intermediaries?
A) 1st National Bank, Chemical National Bank, Chase Manhattan National Bank B) Farmer's Credit Union, 1st Mortgage Bank, IBM Credit Union C) a Savings and Loan, New York Savings and Loan, First American Savings and Loan D) the New York Stock Markets, Chicago and Pacific
According to the above table, at a price of $8 per unit, other things constant
A) consumers will continue to bid prices upward. B) there will be no tendency for the market to approach an equilibrium. C) a surplus of 100 units will exist. D) a shortage of 80 units will exist.
Refer to the above table. What does the marginal revenue product equal when 28 workers are hired a week?
A. $1040 B. $7.50 C. $210 D. $900
Rising per-unit production costs are most directly associated with:
A. frictional unemployment. B. structural unemployment. C. demand-pull inflation. D. cost-push inflation.