Monopolistic competition provides the benefit of product variety but at the cost of productive inefficiency.
True or False
Answer is true.
Economics
You might also like to view...
An English auction is usually a(n) ________ auction
A) sealed-bid first-price B) sealed-bid second price C) penny D) open outcry
Economics
From 1980 to 2000 the labor force participation rate generally ________ and from 2000 to 2014 the rate generally ________
A) increased; decreased B) decreased; decreased C) increased; increased D) decreased; increased
Economics
A flat-rate income tax is also called ________
A) an excise tax B) a property tax C) a proportional income tax D) a constant rate tax
Economics
A rise in the real exchange rate represents an increase in the purchasing power of the home currency
Indicate whether the statement is true or false
Economics