The data in the table above are the U.S. balance of payments. If there is no statistical discrepancy, what is the balance in the official settlements account?

Monopolistic competition is a market in which ________ firms produce ________ goods and services

A) many; identical B) many; differentiated C) few; differentiated D) few; identical

Market power is defined as:

(a) The ability of a perfectly competitive firm to charge any price it wants. (b) The strength of the equilibrium in the market. (c) The ability of a seller to affect the market price of a good or service. (d) All of the above.