What does monopolistic competition have in common with monopoly?
A) a large number of firms
B) a downward-sloping demand curve
C) the ability to collude with respect to price
D) mutual interdependence
E) barriers to entry
B
Economics
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Bad risks may be the most willing to pay high interest rates and thus get loans. This describes an example of
a. symmetrical information b. adverse selection c. natural selection d. moral hazard e. the winner's curse
Economics
The total revenue received by sellers of a good is computed by:
A. Multiplying the price times the quantity sold B. Adding the price and the quantity sold C. Multiplying the %-change in price times the %-change in quantity D. Dividing the %-change in quantity by the %-change in price
Economics