Which of the following is true of the demand curve faced by a monopolistically competitive firm?
a. The demand curve faced by a monopolistically competitive firm is kinked

b. The demand curve faced by a monopolistically competitive firm is downward-sloping.
c. The demand curve faced by a monopolistically competitive firm is upward-sloping.
d. The demand curve faced by a monopolistically competitive firm is horizontal.

b

Economics

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The annual rental rate for a machine is

a. the yearly depreciation and maintenance costs for the machine. b. the yearly interest costs associated with owning the machine. c. the initial purchase price of the machine divided by the number of years the machine is expected to last. d. the sum of the yearly depreciation, maintenance, and interest costs associated with owning the machine.

Economics

Banks can be counted on to create the proper money flows to foster economic activity with minimal inflation and unemployment

Indicate whether the statement is true or false

Economics