A monopolistic firm is a: a. price taker that faces the market ...

[jc611]

A monopolistic firm is a:
 a. price taker that faces the market supply curve.
  b. price taker that faces the market demand curve.
  c. price maker that faces the market supply curve.
  d. price maker that faces the market demand curve.

Question 2

Though the countries can benefit by completely specializing in the production of the good in which they have comparative advantage, in real world however, they do not completely specialize.
 a. True
  b. False
  Indicate whether the statement is true or false

[tennis14576]

Answer to Question 1

d

Answer to Question 2

True

[jc611]

Thanks for the timely response, appreciate it

[Zebsrer]

Excellent