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Author Question: Monopolistic competition is characterized by: a. a small number of firms selling differentiated ... (Read 109 times)

imowrer

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on: Jun 30, 2018
Monopolistic competition is characterized by:
 a. a small number of firms selling differentiated products.
  b. a large number of firms selling identical products.
 c. high barriers to entry.
 d. a large number of firms selling differentiated products.

Question 2

Under a fixed exchange-rate system, in order to maintain the exchange rate:
 a. governments must adopt a laissez-faire economic policy.
  b. all trading partners must enjoy the same level of economic growth.
  c. currencies must be inconvertible.
  d. the imports of one country must equal the exports of its trading partner.
  e. governments must intervene in the foreign exchange market.


dellikani2015

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

d

Answer to Question 2

e


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imowrer

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Reply #2 on: Jun 30, 2018
Thank you :)


dellikani2015

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Reply #3 on: Jun 30, 2018
Happy to help you


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