The monopolistic competition market structure is characterized by a few large firms which account for a large percentage of industry sales

Sales agents being paid a fixed commission on the sales are more likely to

a. Tell their bosses that they need to price higher to make sales b. Tell their bosses that they need to price lower to make sales c. Not say anything to their boss d. None of the above

If buyers expected the future price of a good to increase, it would tend to increase the current quantity exchanged

a. True b. False Indicate whether the statement is true or false