In monopolistic competition, each firm supplies a small part of the market. This occurs because
A) there are barriers to entry.
B) there are no barriers to exit.
C) there is a large number of firms.
D) firms produce differentiated products.
E) there is a large number of buyers.
C
Economics
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Demand-pull inflation occurs
A) when the aggregate supply curve shifts to the right, while aggregate demand remains stable. B) when the aggregate demand curve shifts to the right, while aggregate supply remains stable. C) when the aggregate demand curve shifts to the left, while aggregate supply remains stable. D) when the aggregate supply curve shifts to the left, while aggregate demand remains stable.
Economics
Differences in stages of development among countries are reflected in a number of ways besides per capita income
a. True b. False
Economics