Monopolistic ally competitive firms are similar to monopolies in that they have:
A. High barriers to entry in their industry
B. Close substitutes for their products
C. Inelastic demand for their products
D. Marginal revenues that are less than price
D. Marginal revenues that are less than price
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List and discuss various types of goods and services omitted from measured GDP
What will be an ideal response?
Which is NOT an example of signaling high quality in a social setting
a. wearing a business suit on a job interview b. leaving a big tip for the waiter after a dinner date c. offering an expensive engagement ring to your bride d. Doing messy chores before a big date
Global markets consist of buyers and sellers
A. only within their community. B. within a state. C. anywhere in the world. D. within a nation.
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow. 
Figure 9.3Refer to Figure 9.3. This firm's ________ point corresponds to point B.
A. break even B. profit minimizing C. shutdown D. profit maximizing