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Author Question: Which of the following is NOT true of firms in monopolistic competition? A) They are price ... (Read 73 times)

danielfitts88

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on: Jun 29, 2018
Which of the following is NOT true of firms in monopolistic competition?
 
  A) They are price takers.
  B) They practice product differentiation.
  C) They have excess capacity in the long run.
  D) They earn a normal profit in the long run.

Question 2

Trade war occurs when, after a tariff is imposed, other countries retaliate with their own tariff.
 
  Indicate whether the statement is true or false


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CAPTAINAMERICA

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

A

Answer to Question 2

TRUE


danielfitts88

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

jamesnevil303

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Reply 3 on: Yesterday
Excellent

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