Monopolistic competitors have some control over the price of their products.

Economists who believe in encouraging concentration

a. are clearly wrong b. think that high prices are beneficial to society c. think that lower prices result from economies of scale d. want the government to break up monopolies e. favor a laissez-faire approach

The classical view of the labor market is basically consistent with the assumption of ________ aggregate supply curve.

A. a vertical (or almost vertical) B. a downward-sloping C. a horizontal (or almost horizontal) D. an upward-sloping