The low point of the Great Depression was reached in the year

A. 1929.
B. 1931.
C. 1933.
D. 1935.

C. 1933.

Economics

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Which of the following is true of monopolistic competition but is not true of perfect competition?

a. Each firm distinguishes its product from that of its competitors. b. The firm engages in marginal cost pricing. c. The firm produces at the point where average total cost is minimized. d. There are significant barriers to the entry of new firms in the industry.

Economics