Answer the following questions true (T) or false (F)
1. Non-price competition refers to actions that attempt to increase the demand for a product or service via product differentiation.
2. Barriers to entry are more likely to be stronger under monopolistic competition than under an oligopoly.
3. The U.S food and fiber system is one of the least regulated industries in the economy.
1. TRUE
2. FALSE
3. FALSE
Economics
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Based on the model of the money market, if prices in the economy decrease, the equilibrium interest rate should
A) stay the same. B) increase. C) decrease. D) increase to the same extent that the supply of money increases.
Economics
In the ordered pair (3, 6), 3 is the
a. x-coordinate. b. y-coordinate. c. origin. d. slope.
Economics