A market situation in which a large number of firms produce similar but not identical products is called
A) pure monopoly.
B) monopolistically competitive.
C) oligopolistic behavior.
D) perfectly competitive.
Answer: B
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The impact of monetary policy on the exchange rate is emphasized by
A) supply-side economists. B) Monetarists. C) Keynesians. D) rational expectations theorists.
Other things the same, a decrease in aggregate demand decreases both inflation and unemployment
a. True b. False Indicate whether the statement is true or false
The Fifth Amendment of the Bill of Rights of the U.S. Constitution states that
A) private property shall not be taken except for public use and with compensation. B) Americans have the right to bear arms. C) the government can undertake any activity that is favored by the majority of citizens. D) the freedom of speech of Americans cannot be violated.
The multiplier for changes in taxes is smaller than the multiplier for changes in government purchases because not every dollar of tax cut is spent.
Answer the following statement true (T) or false (F)