Monopolistic competitors have _______ rivals who produce _________ goods and services.

A. no; identical
B. many; identical
C. many; close substitute
D. None of the choices are correct.

C. many; close substitute

Economics

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Which of the following is an example of U.S. foreign direct investment?

a. A Swedish car manufacturer opens a plant in Tennessee. b. A Dutch citizen buys shares of stock in a U.S. company. c. A U.S. based restaurant chain opens new restaurants in India. d. A U.S. citizen buys stock in companies located in Japan.

Economics

A monopoly which arises from significant economies of scale is referred to as a

A) monopolistic competitor. B) strategic resource monopoly. C) natural monopoly. D) patent monopoly.

Economics