The demand curve for the product of a monopolistically competitive firm slopes downward because
A) products are perceived by consumers as different.
B) products are homogeneous.
C) people only care about price when they buy a good.
D) the firm's goal is to maximize profits.
Question 2
For developing countries, one of the more effective ways to become more developed is
A) to invest in secondary schools.
B) to invest more in the military.
C) to increase trade barriers.
D) to reduce direct foreign investment.
Four Arch Curve
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