A benefit to consumers of monopolistically competitive markets is that:
A. consumers only have to choose from one product.
B. consumers have a variety of products from which to choose.
C. goods are sold at the lowest possible average cost of production.
D. price is equal to marginal cost in equilibrium.
Answer: B
You might also like to view...
What department of the federal government issues public debt and in what form?
a. Department of Commerce issues the debt and the debt is in the form of Fed bonds, Fed bills, and Fed notes b. The Federal Reserve issues the debt and the debt is in the form of Treasury bonds, Treasury bills, and Treasury notes c. The Federal Reserve issues the debt and the debt is in the form of Fed bonds, Fed bills, and Fed notes d. Department of the Treasury issues the debt and the debt is in the form of Treasury bonds, Treasury bills, and Treasury notes e. Department of Commerce issues the debt and the debt is in the form of its own bonds, bills, and notes
The burden of unemployment is
A. endured better by people with substantial savings. B. fully measured by the monetary cost computed in the GDP gap. C. borne equally by all unemployed people. D. completely offset by the federal unemployment insurance program.
(Consider This) A primary advantage of Uber to government-regulated taxis is that
What will be an ideal response?
When the owner of an asset sells it for more than she paid for it, she has a(n)
A. asset accumulation. B. unnatural profit. C. realized capital gain. D. tax-free profit.