Which of the following is characteristic of a monopolistic competitor?
a. a standardized product
b. the ability to influence price
c. allocative efficiency
d. a horizontal firm demand curve
b
Economics
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The relationship between industrial capacity percentage and
a. the unemployment rate is indirect. b. the unemployment rate is direct. c. real GDP is indirect. d. nominal GDP is indirect.
Economics
The market level (magnitude) of economic rent is determined by the
a. supply side of the market. b. demand side of the market. c. intersection of supply and demand. d. elasticity of demand for land.
Economics