As firms exit a monopolistically competitive market, profits of ...

[Jipu 123]

As firms exit a monopolistically competitive market, profits of existing firms ____ and product diversity in the market ____.
 a. decline; decreases
  b. rise; decreases
 c. rise; increases
 d. decline; increases

Question 2

Under both the gold standard and the gold exchange standard countries bought and sold U.S. dollars to maintain a fixed exchange rate with the dollar.
 a. True
  b. False
  Indicate whether the statement is true or false

[eliasc0401]

Answer to Question 1

b

Answer to Question 2

False

[Jipu 123]

TYSM

[irishcancer18]

Excellent