Product differentiation plays an important role in perfect competition
Indicate whether the statement is true or false
False
You might also like to view...
In 2009, Congress passed tax laws to reduce income tax rates for some taxpayers. This action is called
A) a discretionary fiscal policy. B) a discretionary revenue policy. C) an automatic fiscal policy. D) an annual tax policy. E) induced tax policy.
Which of the following is an example of a carrying cost of holding an inventory?
A) the cost of the paperwork necessary to pay for each order B) the delivery charges for an order C) the managerial time spent creating an order for inventory D) the costs of securing the inventory
The Federal Open Market Committee meets about
a. every six days. b. every six weeks. c. every six months. d. every sixteen months.
The economy is undergoing a recession that has reduced consumers' incomes. In the computer chip market, this will lead to
A) an increase in price and a decrease in quantity. B) an increase in price and an increase in quantity. C) a decrease in price and a decrease in quantity. D) a decrease in price and an increase in quantity.