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Author Question: Although there are certain inefficiencies associated with monopolistic competition, society receives ... (Read 33 times)

roselinechinyere27m

  • Hero Member
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  • Posts: 557
on: Jun 30, 2018
Although there are certain inefficiencies associated with monopolistic competition, society receives a benefit from monopolistic competition in the form of product variety.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Suppose a permanent increase in demand for the Argentinean peso causes a chronic shortage of this currency in the foreign exchange market. The Argentinean government should then:
 a. request other countries to revalue their currency.
  b. devalue the peso.
  c. allow the peso to appreciate.
  d. restricts exports.
  e. restrict imports.


Chocorrol77

  • Sr. Member
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Reply #1 on: Jun 30, 2018
Answer to Question 1

True

Answer to Question 2

c


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