Author Question: Monopolistic competition is different from perfect competition because monopolistic competitors ... (Read 146 times)

Bernana · **on:** Jun 30, 2018

Monopolistic competition is different from perfect competition because monopolistic competitors produce
a. a homogeneous product
b. a homogeneous but unique product
c. identical products
d. differentiated products
e. products similar to those produced by a monopoly

Question 2

According to William Shepard, the growth in competition from 1958 to 1988 in the United States can be attributed to
a. imports, efficient economic regulation, and antitrust activity
b. the rise of the global market and inflation
c. the fall of communism
d. imports, deregulation, and antitrust activity
e. exports, deregulation, and technological improvement