In monopolistic competition if there is profit, there is: a. a ...

[jc611]

In monopolistic competition if there is profit, there is:
 a. a signal for new firms to enter.
  b. a motive for existing firms to increase prices.
  c. proof that advertising works.
  d. a motive for existing firms to decrease prices.
  e. product differentiation.

Question 2

Indifference curves that are closest to the origin are preferable to ones that are farther from the origin.
 a. True
  b. False
  Indicate whether the statement is true or false

[lorealeza77]

Answer to Question 1

a

Answer to Question 2

False

[jc611]

Thank you

[lorealeza77]

Happy to help you