In monopolistically competitive industries
A) non-price competition through product differentiation is actively pursued by firms.
B) product variety is the same as in perfectly competitive industries.
C) firms do not respond to changes in consumer demand.
D) firms' economic profits are protected by barriers to entry.
A
Economics
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The components of GDP are
A. C + I + X - (G + M). B. C + I + G - (X + M). C. C + I - G + (X - M). D. C + I + G + (X - M).
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