A major difference between monopolistic competition and perfect competition is the degree of product differentiation. Pure competition has none and differentiation always exists in monopolistic competition
a. True
b. False
A
Economics
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The main disadvantage of using money as a store of value is that
A. unlike other assets, money serves as a medium of exchange. B. barter is a more efficient way to conduct transactions than using money. C. other assets pay relatively higher rates of interest than money. D. other assets provide greater anonymity than cash.
Economics
Money market mutual fund shares function like
A) checking accounts that pay interest. B) bonds. C) stocks. D) currency.
Economics
What does a production possibilities frontier represent?
Economics
A large increase in the number of fast-food restaurants in a community is most likely to result in:
A. Lower prices and higher quality. B. Lower prices and lower quality. C. Higher prices and higher quality. D. Don't Know
Economics