Knowledge that can be applied to the production of goods and services is:

A . Can you explain why some employees who work for monopsonists might feel that they are underpaid? b. Why can't the firm raise their wage rates to keep them from feeling this way?

The entry of new firms into a monopolistic competitive industry will shift the

a. market demand curve to the right b. market demand curve to the left c. existing firms' demand curves to the right d. existing firms' demand curves to the left e. market supply curve to the left