A monopolistically competitive industry is characterized by
a. many firms, differentiated products, and barriers to entry.
b. many firms, differentiated products, and free entry.
c. a few firms, identical products, and free entry.
d. a few firms, differentiated products, and barriers to entry.
b
Economics
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A) has a positive slope. B) has a negative slope. C) is vertical. D) is horizontal.
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The demand for houses decreases, all else equal, when
A) wealth increases. B) real estate prices are expected to increase. C) stock prices become more volatile. D) gold prices are expected to increase.
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