Exhibit 10-2 A monopolistic competitive firm
To maximize long-run profits, the monopolistically competitive firm shown in Exhibit 10-2 will charge a price per unit of:

Globalization has helped to significantly decrease income inequality in the United States

Indicate whether the statement is true or false

The typical relationship between a worker's productivity and the worker's wage rate is

A) high productivity workers receive low wage rates. B) low productivity workers receive low wage rates. C) no link between productivity and wages earned. D) high productivity workers find that their jobs are often outsourced. E) that workers with high productivity need to have their high wages protected by tariffs.