In the model of monopolistic competition, compared to a firm with ...

[tiffannnnyyyyyy]

In the model of monopolistic competition, compared to a firm with a lower marginal cost, a firm with a higher marginal cost will set a ________ price, produce ________ output, and earn ________ profits.
 
  A) higher; less; less
  B) lower; more; more
  C) higher; more; more
  D) lower; less; less
  E) higher; less; more

Question 2

In 2003, the per-capita income in China was roughly ________ of that in the U.S.
 
  A) one hundredth
  B) one eighth
  C) one half
  D) the same as
  E) one twentieth

[cupcake16]

Answer to Question 1

A

Answer to Question 2

B

[tiffannnnyyyyyy]

TYSM

[skipfourms123]

Gracias!