An example of a firm in monopolistic competition is
A) your local water company.
B) the sole cable television company.
C) the many Chinese restaurants in San Francisco.
D) Kansas Power and Light, the sole provider of electricity in Kansas City.
E) Shaniq, a wheat farmer.
C
Economics
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As the real wage increases, assuming that the substitution effect dominates, then
a. individuals move to lower indifferent curves and consume less leisure. b. individuals move to higher indifferent curves and consume less leisure. c. individuals move to higher indifferent curves and consume more leisure. d. individuals stay on the same indifferent curve and consume more leisure.
Economics
An increase in unearned income always creates a disincentive to work
Indicate whether the statement is true or false
Economics