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Author Question: The key characteristics of a monopolistically competitive market structure include A) many small ... (Read 66 times)

Beheh

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on: Jun 29, 2018
The key characteristics of a monopolistically competitive market structure include
 
  A) many small (relative to the total market) sellers acting independently.
  B) barriers to entry are strong.
  C) all sellers sell a homogeneous product.
  D) sellers have no incentive to advertise their products.

Question 2

Avner is maximizing total utility by buying sports magazines and protein supplements. For him to buy more sports magazines
 
  A) the price of sports magazines has to fall.
  B) the price of sports magazines has to rise.
  C) the price of protein supplements. has to fall.
  D) Since Avner is maximizing his utility, nothing can change the consumption of sports magazines.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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marict

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


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