A major difference between monopolistic competition and perfect competition is
A) that products are not standardized in monopolistic competition unlike in perfect competition.
B) the barriers to entry in the two markets.
C) the degree by which the market demand curves slope downwards.
D) the number of sellers in the markets.
A
Economics
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Suppose the yield curve is initially horizontal. Suppose the current one-year interest rate increases by 4% while the expected future one-year interest rate does not change. Which of the following will tend to occur?
A) i2t will increase by 4% B) i2t will increase by 2% C) i2t will increase by less than 2% D) i2t will decrease by 2%
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