In Monopolistic Competition If There Is Profit, There Is

question 152

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.
• E) product differentiation.

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Definitions:

New Mexico

New Mexico is a state located in the southwestern region of the United States, known for its diverse landscape ranges from high, snow-capped peaks to desert, and rich Native American and Hispanic cultures.

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A state in the southern United States, known for its rich cultural heritage, history, and as a significant site of the American Civil Rights Movement.

American West

A region of the United States generally considered to include the vast geographic area west of the Mississippi River, characterized by its history of exploration, settlement, and cultural development.

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A worldwide war that spanned from 1939 to 1945, engaging the majority of the planet's countries, with every major power eventually aligning into two adversarial military blocs: the Allies versus the Axis.