A monopolistic ally competitive industry is like a purely competitive industry in that:
A. Each industry produces a standardized product
B. Non price competition is a feature in both industries
C. Neither industry has significant barriers to entry
D. Firms in both industries face a horizontal demand curve
C. Neither industry has significant barriers to entry
Economics
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If ration coupons are used to determine who gets the products available, what happens if the government allows individuals to trade them?
What will be an ideal response?
Economics
Individuals use microeconomic models to determine
A) their optimal consumption of beer given an increase in inflation. B) their optimal amount of leisure. C) whether or not to go to college given current student loan interest rates. D) All of the above.
Economics