___________________ is about the number of firms, and ________________ is about the variety of products.
A. Monopolistic competition; oligopoly
B. Oligopoly; monopolistic competition
C. Perfect competition; monopoly
D. Monopoly; oligopoly
A. Monopolistic competition; oligopoly
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Does expansionary fiscal policy directly increase the money supply? Isn't it true that the president and Congress fight recessions by spending more money?
What will be an ideal response?
A firm acting as a price leader would never reduce market price because this would clearly make all of the firms in the market worse off and defeat the purpose of having a firm act as the price leader
Indicate whether the statement is true or false
The interest rate on Treasury Inflation Indexed Securities can be roughly interpreted as
A) the real interest rate. B) the nominal interest rate. C) the rate of inflation. D) the rate of deflation.
Innovation tends to be an extremely competitive activity that allows few opportunities for firms to share information with one another
a. True b. False Indicate whether the statement is true or false