Monopolistically competitive industries consist of
a. one firm selling several products
b. one firm selling one product
c. many firms, all selling identical products
d. many firms, each selling a slightly different product
e. many firms, each selling a completely different product
D
You might also like to view...
Refer to Table 22-6. Consider the statistics in the table above in describing the developing countries. Are these consistent with the economic growth model? Briefly explain
What will be an ideal response?
How do the marginal costs of pollution reduction and the marginal costs of pollution damage change as pollution levels increase?
a. The marginal costs of pollution reduction remain constant and the marginal costs of pollution increase b. The marginal costs of pollution reduction increase and the marginal costs of pollution damage increase c. The marginal costs of pollution reduction increase and the marginal costs of pollution damage decrease d. The marginal costs of pollution reduction decrease and the marginal costs of pollution damage increase e. The marginal costs of pollution reduction decrease and the marginal costs of pollution damage decrease
One economic truism is that any nation's restriction of imports will ultimately lead to
A. an increase in exports. B. an economic upswing. C. a reduction in exports. D. an increase in GDP.
"Brain drain" results in many of the most talented minds leaving developing countries for developed countries.
Answer the following statement true (T) or false (F)