An economic boom experienced during a certain year in a country that increases actual GDP beyond potential GDP will result in:
a. unemployment

"One of the defining features of monopolistic competition is product variety." Is the previous statement correct or incorrect?

What will be an ideal response?

The mutual interdependence of oligopolists ensures that each oligopolist has

A) a unique demand curve. B) a perfectly elastic demand curve. C) a reaction function. D) a fundamental dilemma about whether to collude or not.