Author Question: Monopolistically competitive sellers are price takers. a. True b. False Indicate whether the ... (Read 72 times)

cmoore54 · **on:** Jun 30, 2018

Monopolistically competitive sellers are price takers.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Assume that you have just returned to the United States from a summer vacation in Russia, where you exchanged American dollars for Russian rubles. Your economic actions can be said to have:
a. increased the supply of American dollars in Russia.
b. decreased the supply of Russian rubles in America.
c. decreased the supply of American dollars in Russia.
d. increased the demand for American dollars in America.
e. increased the supply of Russian rubles in Russia.