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Author Question: The greater the product differentiation between monopolistically competitive firms A) the lower ... (Read 59 times)

EAugust

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on: Jun 29, 2018
The greater the product differentiation between monopolistically competitive firms
 
  A) the lower the barriers to entry.
  B) the greater the price elasticity of demand.
  C) the higher the average variable costs.
  D) the lower the price elasticity of demand.

Question 2

Which of the following statements about full employment is correct? I. Full employment means that the unemployment rate is less than 1/2 of 1 percent. II. Full employment means that the transaction costs associated with getting a job are zero.
 
  A) I only
  B) II only
  C) Both I and II
  D) Neither I nor II


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debra928

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

B

Answer to Question 2

D


EAugust

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

matt95

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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