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Author Question: Which of the following assumptions is TRUE about monopolistic competition? A) The firm's products ... (Read 164 times)

leo leo

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on: Jun 29, 2018
Which of the following assumptions is TRUE about monopolistic competition?
 
  A) The firm's products are differentiated.
  B) There are few producers of the product.
  C) Firms will not advertise.
  D) It is difficult for firms to enter this industry.

Question 2

Which of the following is an example of a vertical merger?
 
  A) Northeastern Illinois University merging with McDonald's.
  B) Northeastern Illinois University merging with a training academy for new professors.
  C) Northeastern Illinois University merging with Roosevelt University.
  D) Northeastern Illinois University going from a public to a private university.


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briezy

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


leo leo

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Reply #2 on: Jun 29, 2018
Correct answers!


briezy

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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