Which of the following is always associated with monopolistic ...

[RRMR]

Which of the following is always associated with monopolistic competition?
 a. Identical products
  b. Economic profits in the short run
  c. MR lies above the demand curve
  d. Demand curves become more inelastic as new entry occurs
  e. Product differentiation

Question 2

Each point along an indifference curve represents the same level of total utility for a consumer.
 a. True
  b. False
  Indicate whether the statement is true or false

[kbennett34]

Answer to Question 1

e

Answer to Question 2

True

[RRMR]

Thanks for the timely response, appreciate it

[zacnyjessica]

Excellent