A market structure in which many firms sell products that are similar but not identical is known as ?
A. monopolistic competition
B. monopoly
C. perfect competition
D. oligopoly
A. monopolistic competition
B. monopoly
C. perfect competition
D. oligopoly
A. balance of payments
B. capital account of the balance of payments
C. financial account of the balance of payments
D. balance of payments on current account
A. Registering
B. Going public
C. Debuting
D. Public offering
A. the scientist be objective
B. The scientific use precision equipment.
C. only correct theories are tested
D. only theories are tested.
E. the scientist uses test tubes and have clean lab.
A. The prices of trade goods to be lower than when there are no transportation costs
B. specialization to stop when the production costs of the trading partners equalize
C. The volume of trade to be less than when there are no transportation costs
D. The gains from trade to be greater than when there are no transportation costs
A. an elastic good
B. an inferior good
C. a normal good
D. a luxury good
A. the additional profit the firms earns when it sells an additional unit of output
B. the difference between total revenue and total cost
C. The ratio of total revenue to quantity.
D. the added revenue that a firm takes in when it increases output by one additional unit.