A good example of a monopolistic competitive industry is
A. the federal highway system
B. wheat farms in the United States.
C. the four major textbook publishers together with nearly 90 percent of industry sales.
D.the country music industry.
To identify a monopolistic competitive industry you should be looking at large numbers of firms producing differentiated products who compete each other with lesser profit margins concerned via advertising, design and workmanship.
A. the federal highway system (Monopoly)
B. wheat farms in the United States. (Perfect Competition)
C. the four major textbook publishers together with nearly 90 percent of industry sales. (Oligopoly)
Within this context right answer is D.the country music industry.
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A) the area D + F B) the area B + C C) the area A + B + C D) the area B + C + D
The purpose of the World Trade Organization (WTO) is to
A. Ensure that there are no losers as a result of free trade. B. Protect workers from foreign competition. C. Protect producers from foreign competition. D. Enforce the rules of free trade.
During most of the 1990s and 2000s, the trend in interest rates was:
A. just about constant. B. mildly upward. C. sharply downward. D. mildly downward.
Payment in the capital market is called investment.
Answer the following statement true (T) or false (F)