Comparing firms in perfectly competitive markets to monopoly firms, which results in a deadweight loss?

All other things unchanged, we expect that an increase in interest rates will tend to

A) increase the quantity of money demanded and increase velocity. B) increase the quantity of money demanded and reduce velocity. C) reduce the quantity of money demanded and increase velocity. D) reduce the quantity of money demanded and reduce velocity.

In a monopolistically competitive market like retail trade, firms can easily enter and exit the market

a. True b. False Indicate whether the statement is true or false