Firms in a monopolistically competitive industry produce:

a. consumption goods only.
b. differentiated products.
c. homogeneous goods and services.
d. competitive goods only.


b

Economics

You might also like to view...

An example of a price floor is a

A) rent control. B) minimum wage. C) subsidy. D) quota.

Economics

Tax policy can affect ____________________ and investment spending, resulting in a shift in the AD curve.

a. consumption b. savings c. production d. government

Economics

Explain how an equilibrium is achieved in the Keynesian cross diagram

Economics

Those in the poorest countries consume only half the calories of those in high income countries

Indicate whether the statement is true or false

Economics