The model of monopolistic competition assumes that

a. there are only a few sellers
b. there are significant barriers to exit
c. each firm charges the same price for its output
d. the buyers are price setters
e. firms are strategically independent

E

Economics

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The aggregate demand curve shows the combinations of output and the price level that put the economy on

A) the FE line and the IS curve. B) the FE line, the IS curve, and the LM curve. C) the IS curve. D) the IS curve and the LM curve.

Economics

Conglomerate integration:

A. improves cash flow by exploiting the cyclical nature of different product lines. B. exploits economies of scope by merging the production of similar products. C. reduces the transaction costs of acquiring inputs. D. All of the statements are correct.

Economics