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Author Question: In the above figure, suppose the economy is at point a. If there is an increase in real GDP, there ... (Read 50 times)

serike

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on: Jun 29, 2018
In the above figure, suppose the economy is at point a. If there is an increase in real GDP, there is a movement to point such as
 
  A) b.
  B) c.
  C) d.
  D) e.

Question 2

Which characteristic is associated with monopolistic competition?
 
  A) collusion
  B) product differentiation
  C) small number of firms
  D) awareness of rival firms in the market


ergserg

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

C

Answer to Question 2

B


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