Because of product differentiation in a monopolistically competitive market, the demand curve for an individual firm will be
A) horizontal.
B) vertical.
C) downward sloping.
D) upward sloping.
Answer: C
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A monopolist is a price maker who will lose some business if the price is increased
a. True b. False Indicate whether the statement is true or false
What type of relationship does the real interest rate have with respect to Investment spending?
A. No relationship B. constant relationship C. positive relationship D. negative relationship
The actual and cyclically adjusted budgets will be equal when:
A. the rate of inflation is zero. B. the economy is at full employment. C. taxes have no effect on fiscal policy. D. the balanced-budget multiplier is 1.
All of the following can cause conflict between divisions EXCEPT
a. Coordination between divisions does not benefit all divisions equally b. managers of profit centers care too little about the effects of their decisions on other divisions c. managers are rewarded only for how much profit their own division generates d. corporate executives can tell when a divisional manager's decisions are appropriate or not