Which of the following is most likely to be a monopolistically competitive firm?
A) smartphone manufacturer
B) cellphone service provider
C) college textbook publisher
D) computer software maker
Answer: D
You might also like to view...
The data in the table above shows the consumption by families in a small (poor) economy. The families consume only salt and bread. The reference base period is 2011. The cost of the CPI market basket in 2011 is
A) $64.00. B) $3.50. C) $52.00. D) $5.00. E) $100.
The concept of private property is
A) a legal absolute. B) a matter of degree. C) a moral absolute. D) an invention of economists.
In the above figure, the average variable cost curve is curve
A) A. B) B. C) C. D) D.
Under which exchange rate system was a dollar redeemable for gold only if the dollar was presented by a foreign central bank?
A) a fiat system B) the gold standard C) a managed float exchange rate system D) the Bretton Woods System