Author Question: Which of the following is uncharacteristic of monopolistic competition in the long run? a. firms ... (Read 50 times)

kaid0807 · **on:** Jun 30, 2018

Which of the following is uncharacteristic of monopolistic competition in the long run?
a. firms selling heterogeneous products
b. zero economic profits
c. price in excess of marginal revenue
d. equilibrium on the increasing portion of the average total cost curve

Question 2

To ensure interest rate parity, a decrease in the interest rate on Euroyen relative to Eurodollar deposits will require a greater expected appreciation of the Japanese yen against the U.S. dollar.
a. True
b. False
Indicate whether the statement is true or false