Author Question: One difference between oligopoly and monopolistic competition is that A) a monopolistically ... (Read 69 times)

NguyenJ · **on:** Jun 29, 2018

One difference between oligopoly and monopolistic competition is that

A) a monopolistically competitive industry has fewer firms.
B) in monopolistic competition, the products are identical.
C) monopolistic competition has barriers to entry.
D) fewer firms compete in oligopoly than in monopolistic competition.

Question 2

If net interest and net transfers are zero, and a country's exports exceed its imports, the country definitely has ________.

A) a current account surplus
B) a current account deficit
C) a capital and financial account surplus
D) an official settlements account surplus