One way in which monopolistic competition differs from oligopoly is that
a. there are no barriers to entry in oligopolies.
b. in oligopoly markets there are only a few sellers.
c. all firms in an oligopoly eventually earn zero economic profits.
d. strategic interactions between firms are rare in oligopolies.
b
Economics
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Shocks to long-run aggregate supply can be a source of business fluctuations ________
A) only in real business cycle models B) only in new Keynesian models C) in both real business cycle and new Keynesian models D) only if the money supply rises
Economics
Compared to most other industrialized countries shown in the text, the national debt as a percentage of GDP in the United States is:
a. substantially larger. b. the same. c. slightly larger. d. substantially smaller.
Economics