All of the following characteristics apply to monopolistic competition EXCEPT
A) a large number of firms compete.
B) each firm produces the same identical product.
C) firms compete on product quality, price, and marketing.
D) there are no barriers to enter or exit the industry.
B
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From 1970 to 1998 the U.S. dollar
a. gained value compared to the German mark because inflation was higher in Germany. b. gained value compared to the German mark because inflation was lower in Germany. c. lost value compared to the German mark because inflation was higher in Germany. d. lost value compared to the German mark because inflation was lower in Germany.
Hands off leadership
a. situational leadership b. participative ledership c. autocratic leadership d. laissez faire leadership
Recall the Application about the impact of disability insurance benefits on the labor force participation rate to answer the following question(s).According to the results of the study featured in the Application, an increase in the disability benefits received by veterans resulted in:
A. no change in the labor force participation rate for those qualified to receive the benefits. B. a lower labor force participation rate for those not qualified to receive the benefits. C. a higher labor force participation rate for those qualified to receive the benefits. D. a lower labor force participation rate for those qualified to receive the benefits.
Declining real GDP for two quarters in a row is often called a recession
Indicate whether the statement is true or false