What is the most important difference between perfectly competitive markets and monopolistically competitive markets?

What will be an ideal response?

In both perfectly competitive and monopolistically competitive industries there are many firms and low barriers to entry. However, while products are identical in perfectly competitive markets, products are similar—but not identical—in monopolistically competitive markets.

Economics

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Which of the following accept deposits from or sell shares to the general public?

i. money market funds ii. thrift institutions iii. commercial banks A) i only B) ii only C) iii only D) Both ii and iii E) i, ii, and iii

Economics

If you believe that expectations react slowly, you are likely:

a. a believer in rational expectations b. a Keynesian c. a theoretical economist d. None of these.

Economics