Which of the following goods is best described as being sold in a monopolistically competitive ...

Author Question: Which of the following goods is best described as being sold in a monopolistically competitive ... (Read 47 times)

laurencescou

Hero Member
Posts: 593

on: Jun 29, 2018

Which of the following goods is best described as being sold in a monopolistically competitive market?

A) automobiles
B) wheat
C) fast food
D) postage stamps

Question 2

In the table above, if the wage rate is 12.00 per hour, the profit-maximizing number of workers is

A) 2.
B) 3.
C) 4.
D) 5.

Foundations of Microeconomics ¦ Bade, Parkin ¦ 8^th Edition

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amanda_14

Sr. Member
Posts: 342

Reply #1 on: Jun 29, 2018

Answer to Question 1

C

Answer to Question 2

B

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