In monopolistic competition, a firm
A. Uses nonprice competition.
B. Uses marginal cost pricing.
C. Has no market power.
D. Faces a horizontal demand curve.
Answer: A
Economics
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In the foreign exchange market, how does each of the following influences affect the demand for dollars and the demand curve for dollars?
a) an increase in the exchange rate. b) an increase in the U.S. interest rate. c) a fall in the expected future exchange rate.
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Refer to Figure 15-9. What is the difference between the monopoly output and the perfectly competitive output?
A) 140 units B) 240 units C) 340 units D) 560 units
Economics