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Author Question: The demand curve for a monopolistically competitive firm is A) the same as the industry demand ... (Read 202 times)

bio_gurl

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on: Jun 29, 2018
The demand curve for a monopolistically competitive firm is
 
  A) the same as the industry demand curve.
  B) more elastic than the demand curve of the perfectly competitive firm.
  C) less elastic than the demand curve of the perfectly competitive firm.
  D) horizontal.

Question 2

The function of money that provides for a commonly recognized measure of value for the price system is a(n)
 
  A) medium of exchange.
  B) unit of accounting.
  C) store of value.
  D) standard of deferred payment.


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juicepod

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

C

Answer to Question 2

B


bio_gurl

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

ktidd

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Reply 3 on: Yesterday
Excellent

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