Which of the following goods is produced in a monopolistic competitive market?
a. Casual dining restaurants
b. Electricity
c. Apples
d. Oil
a. Casual dining restaurants
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Which of the following is a final good or service?
A. Coffee grounds you use to make your coffee every morning B. Coffee grounds used by a coffee shop to make your coffee every morning C. Coffee grounds used by Edy's to make coffee ice cream D. None of these is a final good or service.
Suppose you lend $2,500 at 11.5% for 3 years. If the interest is compounded annually, how much interest will you receive in those 3 years?
A. $862.50 B. $965.49 C. $3,362.50 D. $2,465.49
The North American Free Trade Agreement affects trade between:
A. the United States, Cuba, and Brazil. B. the United States, Canada, and Mexico. C. the United States, Puerto Rico, and Cuba. D. Brazil, Bolivia, Peru, and Columbia.
When firm 1 enjoys a first-mover advantage in a Stackelberg duopoly, it will produce:
A. more output and charge a lower price than firm 2. B. less output and charge the same price as firm 2. C. less output and charge a higher price than firm 2. D. more output and charge the same price as firm 2.