Monopolistic competition and monopoly have all of the following in common EXCEPT
A) P > MC.
B) firms are price setters.
C) barriers to entry.
D) MR = MC.
C
Economics
You might also like to view...
In which case can we be sure real GDP rises in the short run?
a. government purchases increase and taxes rise. b. government purchases increase and taxes fall. c. government purchases decrease and taxes rise. d. government purchases decrease and taxes fall.
Economics
The medically uninsured may wait until their illness reaches a critical stage before going to the hospital for admittance or emergency care. Hospitals in the U.S. provide how much of this uncompensated or "free" health care services per year?
A. About $6 billion B. About $12 billion C. About $36 billion D. About $58 billion
Economics