Refer to the information provided in Figure 16.3 below to answer the question(s) that follow.  Figure 16.3Refer to Figure 16.3. If this firm is maximizing profits and is not required to take into account damages, it will produce

If aggregate planned expenditure is greater than real GDP,

A) a planned decrease in inventories leads to a decrease in production. B) a planned increase in inventories leads to an increase in production. C) an unplanned decrease in inventories leads to an increase in production. D) an unplanned decrease in inventories leads to an increase in the price level. E) an unplanned increase in inventories leads to a decrease in production.

Which of the following is the best example of a monopolistically competitive market?

a. Wheat. b. Automobiles. c. Diamonds. d. Retail sales.