In the model of monopolistic competition, an increase in industry output will ________ producers of ________ higher-priced goods and ________ producers of lower-priced goods
A) harm; benefit
B) benefit; harm
C) harm; harm
D) benefit; benefit
E) benefit; have no effect on
A
Economics
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In the United States, most income comes from
a. capital gains b. stocks and bonds c. providing labor resources d. illegal transactions e. government transfer payments
Economics
A rise in input prices of oil, which affects many or most firms across the economy, can cause the aggregate supply curve to______________.
a. shift b. incline c. decline d. flatten
Economics