The monopolistically competitive seller's demand curve will tend to become more elastic the:
A) smaller the number of sellers.
B) greater the degree of product differentiation.
C) larger the number of close competitors.
D) more significant the barriers to entering an industry.
C
Economics
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Economic theory predicts that people make choices in a manner that
A) makes them well liked by others. B) makes them better off. C) reflects the fact that resources are unlimited. D) shows that they do not respond to monetary incentives.
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The primary advantage of mutual funds is that they
a. always make a return that "beats the market." b. allow people with small amounts of money to diversify. c. provide customers with a medium of exchange. d. All of the above are correct.
Economics