A major difference between pure competition and monopolistic competition is that under pure competition:
A. there are barriers to entry.
B. the market demand curve is less elastic.
C. there are a smaller number of producers.
D. individual firms have more elastic demand curves.
Answer: D
Economics
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A) $90. B) $550. C) $590. D) $600.
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Commodity money includes such things as paper currency and travelers checks that have no commodity value in and of themselves, but which can be used to purchase commodities
Indicate whether the statement is true or false
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