Compared to monopoly, the market results with monopolistic ...

[kshipps]

Compared to monopoly, the market results with monopolistic competition are usually expected to be:
 a. worse because consumers get fewer choices.
  b. worse because consumers pay a higher price.
  c. the same.
  d. better because consumers get less output.
  e. better because consumers pay a lower price.

Question 2

Indifference curve slopes upward from left to right because consumers always prefer more of a good to less.
 a. True
  b. False
  Indicate whether the statement is true or false

[triiciiaa]

Answer to Question 1

e

Answer to Question 2

False