A good example of a monopolistic competitive industry is
A) the federal highway system.
B) wheat farms in the United States.
C) the country music industry.
D) the four major textbook publishers together with nearly 90 percent of industry sales.
Answer: C
Economics
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If expected profit falls, the demand for loanable funds curve shifts ________, and the real interest rate ________
A) leftward; does not change B) leftward; rises C) leftward; falls D) rightward; falls E) rightward; rises
Economics
When firms analyze the relationship between their level of production and their costs they separate the time period involved into
A) a fixed period and a variable period. B) morning and evening. C) the short run and the long run. D) 6 months or less; 6 months to 1 year; more than 1 year.
Economics