Monopolistic competition is a market in which ________ firms ...

[lidoalex]

Monopolistic competition is a market in which ________ firms produce ________ goods and services.
 
  A) many; identical
  B) many; differentiated
  C) few; differentiated
  D) few; identical

Question 2

If consumers spend their income either on gasoline or food, then an increase in the price of gasoline rotates the budget line
 
  A) inward along the food axis.
  B) outward along the food axis.
  C) inward along the gasoline axis.
  D) outward along the gasoline axis.

[scottmt]

Answer to Question 1

B

Answer to Question 2

A

[lidoalex]

YES! Correct, THANKS for helping me on my review

[ecabral0]

Wow, this really help