A monopolistically competitive firm's choice of output level is virtually identical to the choice made by
a. a perfectly competitive firm.
b. a duopolist.
c. a monopolist.
d. an oligopolist.
c
Economics
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If a used-car dealer enjoys economic profits, then
A) as a group, its customers necessarily suffered a like amount in economic losses. B) as a group, its customers were necessarily made worse off. C) as a group, its competitors necessarily suffered economic losses. D) all of the above are true. E) none of the above is true.
Economics
Use the following figure to answer the question below.
Dave's opportunity cost of producing 1 pound of green beans is ________ pound(s) of corn.
A. 1/2 B. 4 C. 2 D. 1
Economics