Which of the following products would most likely be produced in a monopolistically competitive market?

In an English auction, the winner pays a price equal to ________

A) the value of the highest bid B) the value of the lowest bid C) his value for the good D) the value of the second-highest bid

The Navigation Acts:

a. placed tariffs on the import of British goods by the colonies. b. prohibited trade between the British West Indies and the colonies. c. allowed colonial trade on British ships commanded by foreign captains. d. encouraged trade between the colonies and the Dutch. e. None of the above is correct.