Monopolistic competition is characterized by: a. one firm ...

[awywial]

Monopolistic competition is characterized by:
 a. one firm selling several products.
 b. many firms selling the same product.
 c. many firms selling slightly different products.
  d. one firm selling one product.

Question 2

When a U.S. importer needs 22,000 to settle an invoice for 25,520 Swiss francs, the exchange rate must be:
 a. 1 Swiss franc = 1.16.
  b. 1 Swiss franc = 0.16.
  c. 1 Swiss franc = 0.84.
  d. 1 = 1.16 Swiss franc.
  e. 1 = 1.84 Swiss franc.

[ergserg]

Answer to Question 1

c

Answer to Question 2

d