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Author Question: The monopolistic competition market structure is characterized by: a. few firms and similar ... (Read 114 times)

luminitza

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on: Jun 30, 2018
The monopolistic competition market structure is characterized by:
 a. few firms and similar products.
  b. many firms and differentiated products.
  c. many firms and a homogeneous product.
  d. few firms and a homogeneous product.

Question 2

The marginal rate of substitution measures the slope of the:
 a. total utility curve.
  b. demand curve.
  c. budget line.
  d. indifference curve.


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jharrington11

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


luminitza

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

scottmt

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Reply 3 on: Yesterday
Excellent

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