Which statement is true?
A. The monopolistic competitor is often a large firm.
B. Most firms in the U.S. are not monopolistic competitors.
C. Price discrimination is impossible under monopolistic competition.
D. None of these statements are true.
D. None of these statements are true.
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Suppose we shopped for a basket of goods in Year 1 and it cost $350 . Suppose the same basket of goods adds up to $385 in Year 2 . If we use Year 1 as a base year, what would be the Year 2 CPI?
a. 35. b. 90. c. 100. d. 110. e. 135.
After the housing market bust in the mid-2000s, ________, leading to the economic slowdown that became known as the Great Recession.
A. many households borrowed more than they could afford to pay back B. the Federal Reserve began to aggressively fight inflation C. it became harder for households and business to borrow D. many banks lent more money than they should have
Refer to the diagram. Which line(s) show(s) a negative relationship between x and y?
What will be an ideal response?
All of the following are private costs of operating an automobile EXCEPT
A. depreciation of the vehicle. B. harm to the environment from emissions. C. gasoline for operating the vehicle. D. car insurance.