The demand curve in monopolistic competition slopes downward because of:
a. strong barriers to entry.
b. product differentiation.
c. the small number of firms.
d. government regulation.
e. the similarities of the businesses.
b
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Indicate whether the statement is true or false
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A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Over the long run, a government's fundamental source of revenues is
A) printing money. B) user fees and taxes. C) exports. D) gold sales.
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a. True b. False Indicate whether the statement is true or false