What is imperfect competition? What will be an ideal ...

[NClaborn]

What is imperfect competition?
 
  What will be an ideal response?

Question 2

If the dollar depreciates against the Indian rupee,
 
  A) Indian imports to the U.S. become less expensive.
  B) The value of Indian imports to the United States does not change.
  C) U.S. exports to India become less expensive.
  D) U.S. exports to India become more expensive.

[akemokai]

Answer to Question 1

Imperfect competition is an industry in which single firms have some control over price and competition. Imperfectly competitive markets give rise to an inefficient allocation of resources.

Answer to Question 2

C

[NClaborn]

Thanks for the timely response, appreciate it

[daiying98]

Excellent