A monopolistically competitive firm can raise price somewhat due to
a. product differentiation
b. barriers to entry
c. product similarity
d. its homogeneous product
e. high tariffs
A
Economics
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The midpoint formula is used to measure the elasticity of demand between two points on a demand curve
A) when demand is elastic. B) to ensure that the elasticity has a negative value. C) to ensure that we have only one value of the price elasticity of demand between two points on a demand curve. D) in special cases when the percentage change in the quantity demanded is equal to the percentage change in price.
Economics
If fluctuations in economic activity come from the supply side, higher inflation is associated with
a. lower interest rates. b. structural deficits. c. higher rates of unemployment. d. lower rates of unemployment.
Economics