Author Question: In the model of monopolistic competition, an increase in industry output will ________ market shares ... (Read 106 times)

P68T · **on:** Jun 30, 2018

In the model of monopolistic competition, an increase in industry output will ________ market shares and ________ profits of producers of higher-priced goods and will ________ market shares and ________ profits of producers of lower-priced goods.

A) reduce; reduce; increase; increase
B) increase; increase; reduce; reduce
C) increase; reduce; increase; reduce
D) reduce; increase; reduce; increase
E) reduce; increase; increase; reduce

Question 2

The shipbreakers of Alang are

A) a metaphysical representation of the WTO, deriving from Edgar Rice Burroughs' Princess of Mars.
B) an early version of the Russian Ice-breaker of the Dnieper-Alang class.
C) a capital-intensive industry.
D) competing with pollution-producing industries in countries outside of India.
E) doing environmentally conscious work.