Monopolistic competition is characterized by i) efficient scale ii) markup pricing over marginal cost iii) deadweight loss iv) excess capacity
a. i) and ii) only
b. ii) and iv) only
c. i), ii), and iii) only
d. ii), iii), and iv) only
d
Economics
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Government bond:
What will be an ideal response?
Economics
Initially, the economy is at point B on Figure 10-3 above. We conclude that before adjustment,
A) per person savings is at point D and the level of steady state investment is at point C. B) per person savings is at point E and the level of steady state investment is at point E. C) per person savings is at point G and the level of steady state investment is at point E. D) per person savings is at point C and steady state investment is at point D.
Economics