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Author Question: Monopolistic competition describes a situation where: a. a few firms produce a standardized ... (Read 43 times)

Beheh

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on: Jun 30, 2018
Monopolistic competition describes a situation where:
 a. a few firms produce a standardized product.
 b. a large number of firms produce differentiated products.
  c. a few firms produce differentiated products.
 d. there are substantial barriers to entry.

Question 2

_____ refers to an enforceable set of promises to take certain actions over the future.
 a. A bond
  b. A contract
  c. A capitation fee
  d. A collusion


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Koolkid240

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

B


Beheh

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

lkanara2

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Reply 3 on: Yesterday
Excellent

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