Suppose a Current-Affairs Investigation Reveals That in a Market That

question 35

Multiple Choice

Suppose a current-affairs investigation reveals that in a market that was monopolistically competitive all the goods are actually homogenous, that is, there is no differentiation between them.In the short run, the market is then most likely to represent:

• A)a competitive market
• B)a duopoly
• C)a monopoly
• D)a monopolistically competitive market

---

Definitions:

E-mail

A method of exchanging digital messages across the Internet or other computer networks, used for personal, professional, and academic communication.

Hyperpersonal Relationship

A relationship formed primarily through electronically mediated communication that becomes more personal than an equivalent face-to-face relationship because of the absence of distracting external cues, an overdependence on just a few tidbits of personal information, and idealization of the communication partner.

Electronically Mediated

Communication or interactions that occur via any electronic means, including the internet, email, and telecommunication devices.

Face-to-Face

A mode of communication or interaction that occurs when individuals are physically present in the same location and can see each other.