In a monopolistically competitive market, entry into the industry ...

[elizabeth18]

In a monopolistically competitive market, entry into the industry
 
  A) is relatively easy.
  B) is blocked.
  C) is difficult due to extensive government regulation.
  D) is as difficult as entry into a monopoly.

Question 2

The President's statement that to encourage economic growth, taxes should be cut
 
  A) would be an example of a normative statement.
  B) would be an example of a positive statement.
  C) would be an example of a microeconomic statement.
  D) would be a statement of mercantilist economic philosophy.

[anoriega3]

Answer to Question 1

A

Answer to Question 2

A

[elizabeth18]

Excellent

[isabelt_18]

TYSM