Electronic Funds Transfer (EFT) Is a Disbursement System That Transfers

question 78

Multiple Choice

Electronic funds transfer (EFT) is a disbursement system that transfers cash from one location to another using

• A) a telephone.
• B) a telegraph.
• C) a computer.
• D) a telephone, telegraph, or computer.

Identify factors that contribute to market power and competition level in different market structures.

Appreciate the role of brand names and packaging as forms of product differentiation in monopolistic competition.

Understand the implications of monopolistic competition on societal welfare, including deadweight loss and the trade-off between product variety and productive efficiency.

Analyze the impact of industry entry and exit on the long-run economic profitability in monopolistically competitive markets.