The demand curve for a monopolistically competitive firm is
A. less elastic than the demand curve of the perfectly competitive firm.
B. the same as the industry demand curve.
C. more elastic than the demand curve of the perfectly competitive firm.
D. horizontal.
Answer: A
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Money provides a way to transfer wealth into the future. This function of money is known as
A) medium of exchange. B) unit of accounting. C) store of value. D) standard of deferred payment.
Which of the following is true?
a. Changes in personal costs and benefits will exert a predictable influence on the choices of people. b. If one individual gains from an economic activity, then someone else must lose. c. If a good is provided free to an individual by government, its production will not consume valuable scarce resources. d. If the intentions behind a policy are good, you can be assured that the outcome will be desirable.
The opportunity cost of funds is the interest that can be earned by lending the funds
Indicate whether the statement is true or false
The provision of the Patient Protection and Affordable Care Act (ACA) which states that every firm with more than 200 full-time employees must offer health insurance to its employees and must automatically enroll them in the plan is the ________
provision. A) individual mandate B) regulation of health insurance C) state health insurance marketplaces D) employer mandate