Monopolistic competition is characterized by
A. a large number of sellers with similar products.
B. a limited number of sellers with a variety of products.
C. one seller with a variety of products.
D. one seller with a standardized product.
Answer: A
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Suppose market demand facing a monopolist is given by 
. Then the monopolist's marginal revenue curve (in the absence of price discrimination) is
A.
B.
C.
D.
E.
F.
Since 1981, deaths from cardiovascular diseases have decreased in the United States
Indicate whether the statement is true or false
The ratio of bank's equity to its total assets is called
A) capital requirements. B) leverage. C) assets requirement. D) risk.
When firms use cost-plus pricing in a market,
a. each firm determines its price based on other firms' costs and prices. b. it may appear as though firms are colluding in price when they actually are not. c. prices of different firms diverge widely. d. each firm falls short of maximizing profit as they charge the same price irrespective of their costs. e. each firm sells only to its most-favored customer.