Author Question: When comparing perfect competition and monopolistic competition, we find that A) firms in ... (Read 175 times)

Kikoku · **on:** Jun 29, 2018

When comparing perfect competition and monopolistic competition, we find that

A) firms in monopolistic competition produce identical products just as do firms in perfect competition.
B) firms in monopolistic competition face barriers to entry, unlike firms in perfect competition.
C) advertising plays a large role in monopolistic competition, unlike in perfect competition.
D) firms in monopolistic competition are price takers just as is the case for firms in perfect competition.

Question 2

Using the data in the above table, if the government sector runs a deficit of 250 billion and net exports equal -500 billion, then saving must equal

A) 450 billion.
B) 250 billion.
C) 1,350 billion.
D) 400 billion.