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Title: As new firms enter a monopolistically competitive market, profits of existing firms ____ and product ... Post by: svanschaik on Feb 27, 2018 As new firms enter a monopolistically competitive market, profits of existing firms ____ and product diversity in the market ____.
a. decline; decreases b. rise; decreases c. rise; increases d. decline; increases QUESTION 2 No currency ever appreciated or depreciated under the Bretton Woods system as it was based on a system of fixed exchange rates. a. True b. False Indicate whether the statement is true or false QUESTION 3 Which of the following facts about competitive ideas is true? a. A successful competitive idea should be big in terms of investment. b. A competitive idea is usually built on a foundation of other ideas. c. A competitive idea should necessarily be scientific. d. A successful competitive idea must be original. QUESTION 4 In monopolistically competitive markets, economic losses ____, and ____ shifts the demand curve of the remaining firms to the ____. a. signal some remaining firms to exit; exit; right b. signal some remaining firms to exit; exit; left c. signal new firms to enter; entry; left d. signal new firms to enter; entry; right QUESTION 5 The exchange-rate arrangement that emerged from the Bretton Woods conference is often called a managed float standard. a. True b. False Indicate whether the statement is true or false QUESTION 6 Food retailers usually do not compete on which of the following factors? a. Price b. Variety c. Location d. Packaging QUESTION 7 In monopolistically competitive markets, economic profits ____, and ____ shifts the demand curve of the remaining firms to the ____. a. signal some remaining firms to exit; exit; right b. signal some remaining firms to exit; exit; left c. signal new firms to enter; entry; left d. signal new firms to enter; entry; right QUESTION 8 The gold standard ended in the 1970s because the gold supplies failed to keep pace with the increase in money supplies required for industrialization and rapid economic growth witnessed in this era. a. True b. False Indicate whether the statement is true or false Title: As new firms enter a monopolistically competitive market, profits of existing firms ____ and product ... Post by: jenten17 on Feb 27, 2018 Content hidden
Title: As new firms enter a monopolistically competitive market, profits of existing firms ____ and product ... Post by: svanschaik on Feb 27, 2018 Easily the best answer :lol:
Title: As new firms enter a monopolistically competitive market, profits of existing firms ____ and product ... Post by: jenten17 on Feb 27, 2018 If so, mark it solved 8-)
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