Author Question: In monopolistic competition if there is profit, there is: a. a signal for new firms to enter. b. a ... (Read 57 times)

jc611

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In monopolistic competition if there is profit, there is:
 a. a signal for new firms to enter.
  b. a motive for existing firms to increase prices.
  c. proof that advertising works.
  d. a motive for existing firms to decrease prices.
  e. product differentiation.

Question 2

Indifference curves that are closest to the origin are preferable to ones that are farther from the origin.
 a. True
  b. False
  Indicate whether the statement is true or false



lorealeza77

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Answer to Question 1

a

Answer to Question 2

False



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