A market structure in which many firms compete by making similar ...

[penza]

A market structure in which many firms compete by making similar but slightly different products is called
 
  A) perfect competition.
  B) monopolistic competition.
  C) oligopoly.
  D) monopoly.

Question 2

An individual perfectly competitive firm has a supply curve
 
  A) with a positive slope.
  B) with a negative slope.
  C) that is parallel to the quantity axis.
  D) that has a positive slope at lower output levels and a negative slope at higher output levels.

[phuda]

Answer to Question 1

B

Answer to Question 2

A

[penza]

Thanks for the timely response, appreciate it

[Sarahjh]

Great answer, keep it coming