Monopolistically competitive markets are like perfectly competitive markets because in both markets firms:

A. have some control over price.
B. face substantial barriers to entry.
C. face a large number of competitors.
D. have no control over price.


Answer: C

Economics

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Which of the following statements best summarizes why bureaucrats tend to be budget maximizers?

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Economics

National income, plus income received but not earned, minus income earned but not received, is

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Economics