In which of the following market structures do you find no barriers to entry?
A. perfect competition
B. monopolistic competition
C. monopoly
D. Both perfect competition and monopolistic competition are correct
Answer: D
You might also like to view...
From an economic point of view, someone who goes shopping for groceries every week has a great deal of practice with how to purchase the combination of goods that will provide the most utility, even if the shopper doesn't phrase decisions in terms of a budget constraint
a. True b. False Indicate whether the statement is true or false
Real wages fall if prices increase more than nominal wages
Indicate whether the statement is true or false
An added benefit of inflation is that it allows for the possibility of
a. menu costs. b. aggregate supply shocks. c. negative real interest rates. d. recessions.
If the MPC in an economy is .8, government could shift the aggregate demand curve rightward by $100 billion by:
A. increasing government spending by $25 billion. B. increasing government spending by $80 billion. C. decreasing taxes by $25 billion. D. decreasing taxes by $100 billion.