The number of firms in a monopolistically competitive industry ...

[hubes95]

The number of firms in a monopolistically competitive industry means that
 
  A) firms will collude.
  B) existing firms in the industry will make sure new firms do not enter.
  C) firms will not cooperate to set a pure monopoly price.
  D) firms will try to set a common price.

Question 2

The joining of a firm with another to which it sells an output or from which it buys an input is known as
 
  A) a conglomerate merger.
  B) a horizontal merger.
  C) a vertical merger.
  D) economies to scale.

[komodo7]

Answer to Question 1

C

Answer to Question 2

C

[hubes95]

Thanks for the timely response, appreciate it

[Jossy]

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