Which of the following is not a characteristic of a monopolistically competitive market ?
A. free entry and exit
B. long run economic profits
C. many sellers
D. differentiated products
A. free entry and exit
B. long run economic profits
C. many sellers
D. differentiated products
A. To assume financial responsibility for grantee against failure
B. To sign so as to assume liability in case of specified losses
C. To guarantee the purchase or to agree to buy the unsold part of stock at fixed time and price
D. All of them
A. construct price lists
B. compare shop prices
C. measure changes in the cost of living
D. None of the above
A. Inflationary expectations
B. unemployment
C. the inflation rates
D. wage rates
A. 0
B. 2
C. 6
D. 0.5
A. neither rival nor excludable
B. rival but not excludable.
C. both rival but excludable
D. not rival but excludable
A. official exchange rates
B. complete currency pass through
C. exchange arbitrage
D. trade adjustment assistance