Monopolistic competition describes a situation where:
a. a few firms produce a standardized product
b. a large number of firms produce differentiated products.
c. a few firms produce differentiated products.
d. there are substantial barriers to entry.
b
Economics
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Which of the following is NOT an asset of the Federal Reserve System?
A) mortgage-backed securities B) reserves of depository institutions C) U.S. government securities D) None of the above are correct because they are all assets of the Federal Reserve.
Economics
A government runs a deficit when its government revenues exceed expenditures
Indicate whether the statement is true or false
Economics