A market structure in which there are many firms selling products that are similar but not identical is known as
a. oligopoly.
b. monopoly.
c. monopolistic competition.
d. perfect competition.
c
Economics
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Who are minimum wages designed to help? Do they succeed? What is their effect on society?
What will be an ideal response?
Economics
A tax on a polluting industry
A) is not desirable because it reduces efficiency. B) leads to less output in this industry. C) causes more resources to be used in the polluting industry. D) shifts the marginal social benefit curve leftward. E) shifts the marginal social benefit curve rightward.
Economics