If government were to regulate a monopolistically competitive market by setting a single price, a consequence would be:
A. more output supplied to the market.
B. less product variety.
C. lower prices in those markets.
D. All of these statements are true.
Answer: D
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If a country wants to keep a foreign currency undervalued against the domestic currency:
A) it will buy both the foreign and domestic currency. B) it will sell both the foreign and domestic currency. C) it will buy the domestic currency and sell the foreign currency. D) it will buy the foreign currency and sell the domestic currency.
Suppose the marginal cost of dating Perry is $30 and the marginal benefit is worth $40 to you. Following economic reasoning, you should:
A. determine what your sunk costs are. B. date Perry. C. not date Perry. D. determine what your total benefits and total costs are.
Payments for unemployment benefits sent to unemployed people are considered government purchases.
Answer the following statement true (T) or false (F)
Expansionary government policies during a period of increasing globalization:
A. decreases unemployment in the nontradable sector and leaves unemployment in the tradable sector unchanged. B. decreases unemployment in both the nontradable and tradable sectors. C. increases unemployment in both the nontradable and tradable sectors. D. decreases unemployment in the tradable sector but leaves unemployment in the nontradable sector unchanged.