A monopolistically competitive market
a. is imperfectly competitive, and all imperfectly competitive markets are monopolistically competitive.
b. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive.
c. is imperfectly competitive, whereas an oligopolistic market is not imperfectly competitive.
d. is not imperfectly competitive.
b
Economics
You might also like to view...
Which approach to measuring money focuses on the value of currency, transaction deposits, and travelers checks?
A) near moneys B) the liquidity approach C) M2 D) the transactions approach
Economics
Which of the following was established first?
a. gatt b. nafta c. wto d. a and b were established at the same time
Economics