Homework Clinic

Social Science Clinic => Economics => Topic started by: kellyjaisingh on Apr 19, 2019

Title: A monopolistically competitive firm influences market price because of product differentiation.
Post by: kellyjaisingh on Apr 19, 2019

Question 1

Monopolistically competitive firms are unable to affect the market price of their output, but are able to control the price of their own output.

◦ true
◦ false

Question 2

A monopolistically competitive firm influences market price because of product differentiation.

◦ true
◦ false

Title: A monopolistically competitive firm influences market price because of product differentiation.
Post by: dawsa925 on Apr 19, 2019

Answer 1

true

Answer 2

true