Author Question: Monopolistically competitive industries have significant barriers to entry and exit. a. True b. ... (Read 103 times)

darbym82 · **on:** Jun 30, 2018

Monopolistically competitive industries have significant barriers to entry and exit.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Suppose you observe that with a given supply curve, the Peruvian demand for Argentinean pesos steadily decreases. This will most likely mean:
a. the supply of Peruvian nuevos soles has increased on the foreign exchange market.
b. the Argentinean peso will appreciate in value relative to the Peruvian nuevo sol.
c. the Argentinean peso will depreciate in value relative to the Peruvian nuevo sol.
d. the Peruvian demand for Argentinean goods has increased.
e. the supply of Argentinean pesos has increased on the foreign exchange market.