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Author Question: Which of the following conditions distinguishes perfect competition from monopolistic competition? ... (Read 92 times)

hubes95

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  • Posts: 561
on: Jun 30, 2018
Which of the following conditions distinguishes perfect competition from monopolistic competition?
 a. the number of sellers
 b. freedom of entry and exit
 c. homogeneity of the product
  d. none of the above

Question 2

Assume that a Chrysler automobile sells for 15,000 in the United States and that the exchange rate is 1 = 1.3 . For purchasing power parity to hold, the same car should sell in Germany for:
 a. 15,000.
  b. 11,538.
  c. 19,500.
  d. 1,538.
  e. 15,500.


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Missbam101

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

c

Answer to Question 2

c


hubes95

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  • Posts: 561
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

jojobee318

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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