Under monopolistic competition, entry to the industry is:
A. completely free of barriers.
B. more difficult than under pure competition but not nearly as difficult as under pure
monopoly.
C. more difficult than under pure monopoly.
D. blocked.
Answer: B
Economics
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For the utility function U = Wa, what values of "a" correspond to being risk averse, risk neutral, and risk loving?
What will be an ideal response?
Economics
If the exchange rate changes from $1 = 2 euros to $1 = 3 euros:
A. the dollar has appreciated in value. B. the dollar has depreciated in value. C. the dollar has neither appreciated nor depreciated, but the euro has appreciated in value. D. U.S. exports to Europe will increase.
Economics