Under monopolistic competition ________
A) many goods and services are not standardized
B) prices adjust slowly to equilibrium
C) even if there is substantial competition in the market, some firms can set prices
D) all of the above
E) none of the above
D
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Amanda can prepare a Thai meal for a group in 2 hours and can type a 10 page paper in the same amount of time. Morgan can prepare the meal in 3 hours. Morgan will be the more efficient typist as long as she can type the a paper in less than
a. 4 hours. b. 3 hours. c. 2 hours. d. 1 hour.
The brain drain refers to the effects of Dutch Disease when the infection spreads to other countries
Indicate whether the statement is true or false
Many whites regard ghetto poverty as a symptom of aberrant cultural values and inherent racial deficiencies
Indicate whether the statement is true or false
By 1860, almost ¾ of the U.S. output of cotton goods was produced in:
a. the area surrounding Philadelphia. b. New England. c. the Mid-Atlantic states. d. New York City.