Monopolistic competitors tend to act independently because:
a. each firm controls a large share of the market
b. each firm controls a very small share of the market.
c. there are few sellers in the market.
d. there are few buyers in the market.
b
Economics
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The inside lag is the time between:
A) observing a shock and countering it. B) taking an action and observing its effect. C) short-term and long-term goals. D) taking an action and determining future long-term goals
Economics
If real GDP per capita is increasing, real output is:
a. growing less rapidly than the population. b. growing more rapidly than the population. c. growing at the same rate as the population. d. growing more rapidly than are prices.
Economics