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Author Question: Monopolistic competition is a market in which ________ firms produce ________ goods and services. ... (Read 84 times)

lidoalex

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on: Jun 29, 2018
Monopolistic competition is a market in which ________ firms produce ________ goods and services.
 
  A) many; identical
  B) many; differentiated
  C) few; differentiated
  D) few; identical

Question 2

If consumers spend their income either on gasoline or food, then an increase in the price of gasoline rotates the budget line
 
  A) inward along the food axis.
  B) outward along the food axis.
  C) inward along the gasoline axis.
  D) outward along the gasoline axis.


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scottmt

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

B

Answer to Question 2

A


lidoalex

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

kjohnson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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