Policy Analysis That Puts a Priority on Citizen Involvement and Alignment

question 25

Multiple Choice

Policy analysis that puts a priority on citizen involvement and alignment with public opinion emphasizes ______.

• A) democratic political processes
• B) rational comprehensive decision making
• C) scientific analysis
• D) pragmatic adjustments

Identify scenarios leading to the entry or exit of firms in monopolistic competition.

Describe how monopolistic competition leads to excess capacity and over-differentiation.

Contrast monopolistic competition with perfect competition and monopoly.

Evaluate the efficiency of monopolistic competition in the long run.