One reason firms in monopolistic competition can charge different prices is that their products are
a. identical.
b. similar.
c. differentiated.
d. guaranteed.
c. differentiated.
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The population of a small town is 5,000. There are 4,000 people in the labor force, and 3,000 people are employed. The unemployment rate equals
A) 25 percent. B) 60 percent. C) 75 percent. D) an undetermined amount given the lack of information.
Liquidity refers to the availability of cash, or other assets that can be quickly converted to cash, to meet obligations
a. True b. False Indicate whether the statement is true or false
Investment, as defined by economists, would include the purchase of a
A) corporate bond. B) government bond. C) share of stock in ExxonMobil. D) computer by an accounting firm.
Refer to the given table. The marginal propensity to consume is:
A. .5.
B. .75.
C. .8.
D. .9.