The Greater the The Number and Closeness of Substitutes Available

question 293

Multiple Choice

The greater the the number and closeness of substitutes available between monopolistically competitive firms

• A) the greater the ability of a firm to raise its price above the price of close substitutes.
• B) the smaller the ability of a firm to raise its price above the price of close substitutes.
• C) the more inelastic the demand curve.
• D) the greater the positive economic profits for a single firm.

---

Definitions:

Program Window

The graphical interface of a software application that is displayed on the screen, through which users interact with the program.

Minimized Window

A reduced version of a window that is often represented only by an icon on the taskbar, allowing users to temporarily remove it from view while keeping it active in the background.

Restored Window

A window state in operating systems where the application window is returned to its normal, non-maximized size, allowing users to access multiple windows simultaneously.

Sticky Keys

An accessibility feature designed to help users who have difficulty pressing multiple keys at once, allowing modifier keys (like Shift, Ctrl) to remain active until another key is pressed.