One difference between monopolistic competition and pure competition is that:
A. Products may be homogeneous in monopolistic competition
B. There is some control over price in monopolistic competition
C. Monopolistic competition has significant barriers to entry
D. Firms differentiate their products in pure competition
B. There is some control over price in monopolistic competition
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If there is an excess demand for money in the economy,
a. there is also an excess supply of money. b. there is also an excess demand for bonds. c. there is also an excess supply of bonds. d. the interest rate will fall. e. there is also an excess supply of housing.
The idea behind clustering is that each part of a network is ________ productive operating in isolation, so if governments can push each element of the cluster in unison, they should realize ________ in productivity.
A. far less; huge gains B. far less; huge losses C. far more; huge gains D. far more; huge losses