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Author Question: One benefit of monopolistic competition over perfect competition is A) economic profit. B) ... (Read 126 times)

drink

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  • Posts: 554
on: Jun 29, 2018
One benefit of monopolistic competition over perfect competition is
 
  A) economic profit.
  B) product variety.
  C) excess capacity.
  D) efficiency.

Question 2

The ________ effect can be divided into the ________ effect and the ________ effect.
 
  A) marginal; substitution; price
  B) income; substitution; price
  C) substitution; price; income
  D) price; substitution; income


lauravaras

  • Sr. Member
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  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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