A major difference between monopolistic competition and perfect competition is the degree of product differentiation. Pure competition has none and differentiation always exists in monopolistic competition

In 2008, Timothy Geithner referred to investment banks, money market mutual funds, hedge funds, and other financial firms engaged in similar activities as the

A) shadow banking system. B) securitization market. C) commercial banking system. D) secondary market.

Originally, the European Union was called

A) the European Economic Partnership. B) the European Economic Community. C) the European Community. D) the Common Market.