Which demand curve would best represent a monopolistic competitor?

In a laborabundant country, free trade will cause a(n) __________ in the rental of capital and a(n) _________ in the marginal product of capital.

a. increase; increase b. increase; decrease c. decrease; decrease d. decrease; increase

When it takes one firm in an industry to produce the quantity necessary to realize low unit costs, the industry

A) experiences economies of scale. B) has barriers to entry due to ownership of resources. C) has no barrier to entry. D) has a license granted by the government.