The relationship between inputs used by a firm and output ...

[rachel9]

The relationship between inputs used by a firm and output produced is given by the cost function.
  Indicate whether the statement is true or false

Question 2

Each firm under monopolistic competition produces a unique product which does not have a close substitute.
 a. True
  b. False
  Indicate whether the statement is true or false

[Sierray]

Answer to Question 1

F

Answer to Question 2

False

[rachel9]

Thanks for the timely response, appreciate it

[ryansturges]

Excellent