In What Two Ways Does Trade Benefit Consumers When Firms

question 14

Multiple Choice

In what two ways does trade benefit consumers when firms are
Monopolistically competitive?

• A)better quality products, increased information
• B)higher incomes, more dependable products
• C)lots of bells and whistles, higher wages
• D)lower prices, more variety

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Definitions:

Napoleon

A historical figure known for his role as a military leader and emperor of France in the early 19th century.

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The act of becoming aware or conscious of something through the senses.

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The set of circumstances or the context in which an event occurs or a condition exists.

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The defining qualities, traits, or features that are at the heart of something, such as a concept, organization, or individual's personality.