A monopolistically competitive market is characterized by
a. free entry, but not differentiated products.
b. differentiated products, but not long run profits.
c. long run profits, but not many firms.
d. many firms, but not free entry.
b
Economics
You might also like to view...
If the Fed can ________ inflation expectations, it might achieve ________ inflation without ________ the unemployment rate
A) lower; lower; lowering B) raise; lower; raising C) lower; lower; raising D) raise; higher; lowering E) lower; higher; lowering
Economics
According to the text, the highest 20 percent of U.S. income households earn about what percentage of total income today?
A) 10 percent B) 20 percent C) 50 percent D) 99 percent
Economics