By differentiating their products and promoting brand name loyalty, monopolistically competitive firms can raise prices without losing all their customers.
a. True
b. False
Indicate whether the statement is true or false
Question 2
When the exchange rate fluctuates around a fixed central target, allowing for a moderate amount of fluctuation, while tying the currency to the target central rate, the exchange rate is under a(n):
a. horizontal band.
b. crawling peg.
c. managed float.
d. independent float.
e. currency board.
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Strategic Management and Competitive Advantage: Concepts and Cases, 6th Edition