Even if two products have different characteristics, such as color, the products are only considered heterogeneous if consumers
A) consider the two products as perfect complements.
B) consider the two products as perfect substitutes.
C) consider the two products as imperfect substitutes.
D) consider the two products as imperfect complements.
C
Economics
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Refer to the above figure. The profit maximizing quantity for a monopolistic competitor is
A) Q1. B) Q2. C) Q3. D) Q4.
Economics
By offering training to workers whose firms laid them off because of competition from foreign firms, the federal government is attempting to reduce
A) frictional unemployment. B) structural unemployment. C) cyclical unemployment. D) seasonal unemployment.
Economics