The greater the product differentiation between monopolistically competitive firms
A) the lower the barriers to entry.
B) the greater the price elasticity of demand.
C) the higher the average variable costs.
D) the lower the price elasticity of demand.
B
Economics
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An increase in the inflation rate will lead to a ________ nominal interest rate, which will ________ the debt-to-GDP ratio
A) higher; raise B) higher; reduce C) lower; raise D) lower; reduce
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