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Author Question: Monopolistic competition is characterized by: a. one firm selling several products. b. many firms ... (Read 95 times)

awywial

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  • Posts: 577
on: Jun 30, 2018
Monopolistic competition is characterized by:
 a. one firm selling several products.
 b. many firms selling the same product.
 c. many firms selling slightly different products.
  d. one firm selling one product.

Question 2

When a U.S. importer needs 22,000 to settle an invoice for 25,520 Swiss francs, the exchange rate must be:
 a. 1 Swiss franc = 1.16.
  b. 1 Swiss franc = 0.16.
  c. 1 Swiss franc = 0.84.
  d. 1 = 1.16 Swiss franc.
  e. 1 = 1.84 Swiss franc.


ergserg

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

c

Answer to Question 2

d


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