Which of the following is most likely produced in a monopolistically competitive market?
a. soybeans
b. autos
c. fast food
d. oil
e. local phone service
C
Economics
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Before government approves a merger, what must the companies prove the merger would do?
(A) Lower costs and consumer prices or lead to a better product. (B) Be beneficial by creating an artificial monopoly. (C) Be good for certain consumers but not others. (D) Actually raise the number of competitors in the market.
Economics
Which of the following is not an income transfer?
A.) Unemployment benefits B.) Social Security payments C.) Food stamps D.) Welfare
Economics