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Author Question: Which of the following is characteristic of a monopolistically competitive firm? a. The firm faces ... (Read 8 times)

soccerdreamer_17

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on: Jun 30, 2018
Which of the following is characteristic of a monopolistically competitive firm?
 a. The firm faces an upward-sloping demand curve.
  b. The firm faces an inelastic demand curve.
  c. The firm faces a horizontal demand curve.
  d. The firm produces a differentiated product.

Question 2

The absolute value of the slope of an indifference curve is called the:
 a. marginal rate of transformation.
  b. transitivity slope.
  c. indifference rate of preference.
  d. marginal rate of substitution.


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sabina576

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

d

Answer to Question 2

d


soccerdreamer_17

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

tkempin

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Reply 3 on: Yesterday
Excellent

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