In Monopolistic Competition If There Is Profit, There Is

question 16

Multiple Choice

In monopolistic competition if there is profit, there is:

• A) a signal for new firms to enter.
• B) a motive for existing firms to increase prices.
• C) proof that advertising works.
• D) a motive for existing firms to decrease prices.

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Definitions:

Productivity

A measure of the efficiency of a person, machine, system, or organization in converting inputs into useful outputs.

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Various settings that allow users to alter the appearance of digital content on a screen.

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The practice of using less energy to decrease energy demand and lessen environmental impact.

Control Panel

A component of the operating system interface that allows users to modify system settings and control hardware features.