In long-run equilibrium, compared to a perfectly competitive market, a monopolistically competitive industry produces a ________ level of output and charges a ________ price
A) higher; lower B) lower; higher C) lower; lower D) higher; higher
B
Economics
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Which of the following will not increase equilibrium output in the short run?
A) increases in R&D B) increases in consumer confidence C) increases in investment demand D) increases in government spending E) decreases in taxes
Economics
The poverty line
A. is shifted downward from year-to-year. B. is constant. C. is raised from year-to-year. D. is tied to the unemployment rate.
Economics