Which of the following examples would most likely be part of a perfectly competitive market?

A monopolistically competitive firm has ________ power to set the price of its product because ________

A) no; there are no barriers to entry B) some; there are barriers to entry C) no; of product differentiation D) some; of product differentiation

If you own a bond with a seven percent coupon rate and new bonds are paying five percent, what will happen to your bond's market price?

What will be an ideal response?