In monopolistically competitive industries
A) non-price competition through product differentiation is actively pursued by firms.
B) product variety is the same as in perfectly competitive industries.
C) firms do not respond to changes in consumer demand.
D) firms' economic profits are protected by barriers to entry.
A
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Refer to the figure above. If the capital stock is fixed at $300, what is the investment in the economy?
A) $5,000 B) $6,000 C) $4,000 D) $7,000
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. The slope of Country A's production possibilities frontier is _______, and Country B's is __________.
A. 5; 3
B. 30; 3
C. 1/5; 1/3
D. 1/5; 1/3
Which of the following is most limited in scope under a pure market economy? a. Freedom of choice
b. Consumer sovereignty. c. Entrepreneurship. d. Government.
Refer to the information provided in Figure 7.5 below to answer the question(s) that follow. 
Figure 7.5Refer to Figure 7.5. Diminishing marginal returns set in after the ________ worker is hired.
A. first B. fifth C. eighth D. sixteenth