All of the following are assumptions of monopolistic competition ...

[colton]

All of the following are assumptions of monopolistic competition EXCEPT
 
  A) many buyers and sellers.
  B) homogeneous product.
  C) easy entry of new firms in the long run.
  D) profit-maximizing behavior.

Question 2

Positive statements can contain
 
  A) opinions and conditions.
  B) facts and predictions.
  C) a mixture of facts and opinions.
  D) logical arguments mixed with statements of opinion.

[Joy Chen]

Answer to Question 1

B

Answer to Question 2

B

[colton]

YES! Correct, THANKS for helping me on my review

[skipfourms123]

Thanks for the timely response, appreciate it