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Author Question: Which of the following conditions distinguishes perfect competition from monopolistic competition? ... (Read 51 times)

hubes95

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on: Jun 30, 2018
Which of the following conditions distinguishes perfect competition from monopolistic competition?
 a. the number of sellers
 b. freedom of entry and exit
 c. homogeneity of the product
  d. none of the above

Question 2

Assume that a Chrysler automobile sells for 15,000 in the United States and that the exchange rate is 1 = 1.3 . For purchasing power parity to hold, the same car should sell in Germany for:
 a. 15,000.
  b. 11,538.
  c. 19,500.
  d. 1,538.
  e. 15,500.


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Missbam101

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

c


hubes95

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Reply 2 on: Jun 30, 2018
Excellent

shewald78

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

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