Author Question: Which of the following conditions distinguishes perfect competition from monopolistic competition? ... (Read 89 times)

hubes95 · **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.