A monopolistically competitive firm can raise price somewhat due ...

[HudsonKB16]

A monopolistically competitive firm can raise price somewhat due to
 a. product differentiation
  b. barriers to entry
  c. product similarity
  d. its homogeneous product
  e. high tariffs

Question 2

As imports rose in 13 major industries studied by Shepherd, these U.S. producers, finding themselves at a cost and quality disadvantage relative to imported goods, initially responded by
 a. improving technology
  b. exiting the industry
  c. seeking trade barriers
  d. asking that quotas and tariffs be removed
  e. raising prices to recoup their losses

[emsimon14]

Answer to Question 1

A

Answer to Question 2

C

[HudsonKB16]

Wow, this really help

[covalentbond]

Thanks for the timely response, appreciate it