Disinflation refers to
A) a rapid increase in the price level. B) a decrease in the price level.
C) a reduction in the rate of inflation. D) an increase in the rate of inflation.
C
Economics
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What type of market exhibits product differentiation?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
Economics
Which of the following is true about an oligopoly equilibrium in comparison with equilibrium under similar circumstances but with perfect competition?
a. Output is smaller and price is lower than under perfect competition. b. Output is smaller and price is higher than under perfect competition. c. Output is larger but price is higher than under perfect competition. d. Output is larger and price is lower than under perfect competition.
Economics