The term monopolistic competition
a. is an alternate expression for monopoly
b. is used to describe perfect competition with strong entry barriers
c. denotes an industry with one seller of many differentiated products
d. denotes an industry with many sellers of homogeneous products
e. denotes an industry with many sellers of differentiated products
E
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What happens in the long run after an increase in government spending growth?
A. Inflation expectations adjust and the SRAS curve shifts backwards. B. The AD curve remains permanently in its new position. C. The LRAS curve shifts out to match the increase in AD. D. The AD curve shifts back to its original position.
In the last 40 years, merger policy has become a major way for antitrust authorities to regulate market structure
Indicate whether the statement is true or false