Author Question: Entry into a monopolistic competitive industry A) is easy. B) is hard. C) requires governmental ... (Read 92 times)

ETearle · **on:** Jun 29, 2018

Entry into a monopolistic competitive industry

A) is easy.
B) is hard.
C) requires governmental approval.
D) requires collusion.

Question 2

Keynes argued that an economy could be in equilibrium when the economy was

A) operating at maximum potential capacity.
B) operating with some unutilized productive capacity.
C) trying to operate at some output level beyond its potential capacity.
D) operating either at full productive capacity or at less than full capacity.