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Author Question: As firms exit a monopolistically competitive market, profits of existing firms ____ and product ... (Read 192 times)

Jipu 123

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on: Jun 30, 2018
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


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eliasc0401

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


Jipu 123

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  • Posts: 569
Reply 2 on: Jun 30, 2018
Gracias!

AngeliqueG

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Reply 3 on: Yesterday
:D TYSM

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