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Author Question: A market structure in which many firms compete by making similar but slightly different products is ... (Read 125 times)

penza

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on: Jun 29, 2018
A market structure in which many firms compete by making similar but slightly different products is called
 
  A) perfect competition.
  B) monopolistic competition.
  C) oligopoly.
  D) monopoly.

Question 2

An individual perfectly competitive firm has a supply curve
 
  A) with a positive slope.
  B) with a negative slope.
  C) that is parallel to the quantity axis.
  D) that has a positive slope at lower output levels and a negative slope at higher output levels.


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phuda

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

B

Answer to Question 2

A


penza

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Reply 2 on: Jun 29, 2018
Gracias!

mcabuhat

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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