The music streaming industry, where a firm's profitability ...

[maychende]

The music streaming industry, where a firm's profitability depends on its interactions with other firms, is an example of
 
  A) perfect competition. B) monopolistic competition.
  C) monopoly. D) oligopoly.

Question 2

Consider a manufacturing operation that uses specialized machinery and labor to produce its output. In this case, the input that is not fixed in the short run is labor.
 
  Indicate whether the statement is true or false

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Answer to Question 1

D

Answer to Question 2

TRUE