Entry into a monopolistically competitive industry A) is ...

[HCHenry]

Entry into a monopolistically competitive industry
 
  A) is relatively easy.
  B) is very difficult.
  C) can be easy or difficult, depending on the type of product.
  D) is about the same as entering a monopoly industry.

Question 2

How does the imposition of an excise tax on a good affect its market equilibrium?
 
  A) Equilibrium quantity decreases, and equilibrium price decreases.
  B) Equilibrium quantity decreases, and equilibrium price increases.
  C) Equilibrium quantity increases, and equilibrium price decreases.
  D) Equilibrium quantity increases, and equilibrium price increases

[livaneabi]

Answer to Question 1

A

Answer to Question 2

B

[HCHenry]

Correct answers!

[livaneabi]

Great! Please up vote