The main difference between perfect competition and monopolistic competition is:
a. The number of sellers in the market
b. The ease of entry and exit in the industry
c. The degree of information about market price
d. The degree of product differentiation
e. Whether it is the short run or the long run
d
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If the P/E ratio is equal to 50, it implies that investors in the stock are willing to pay:
a. $25 for every $2 of the earnings that the company generates during a period. b. $100 for every $1 of the earnings that the company generates during a period. c. $500 for every $1 of the earnings that the company generates during a period. d. $50 for every $1 of the earnings that the company generates during a period. e. $5 for every $1 of the earnings that the company generates during a period.
Citizens in the U.S. are not concerned with the financial well-being of their bank due to which of the following?
A. The stability of the economy B. The FDIC C. Government regulation of the banking sector D. The improvement in the reputation of bankers