Ceteris paribus means
A) "all variables are independent."
B) "other things being equal."
C) "some assumptions must be accepted without proof."
D) "some theories are not rational."
B
Economics
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Monopolistic competition is a market in which ________ firms produce ________ goods and services
A) many; identical B) many; differentiated C) few; differentiated D) few; identical
Economics
The marginal social cost is
A) equal to the marginal private cost plus the marginal external cost. B) equal to the marginal private cost minus the marginal external cost. C) the same as the marginal private cost. D) the same as the marginal external cost.
Economics