In the Model of Monopolistic Competition,if Firms Have ________ Average

question 45

Multiple Choice

In the model of monopolistic competition,if firms have ________ average cost curves,then opening trade will cause ________ firms to ________ the industry.

• A) different; less efficient; exit
• B) different; more efficient; enter
• C) symmetric; less efficient; exit
• D) symmetric; more efficient; enter
• E) symmetric; less efficient; enter

Discuss the liabilities and legal protections for promoters and directors in pre-incorporation activities.

Examine the legal actions necessary for foreign corporations to do business in another jurisdiction.

Understand the key components and services of the Internet.

Recognize the importance and function of Internet protocols.

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Definitions:

Clearing Time

The time it takes for a payment or transaction to be processed and the funds to be cleared and settled.

Default Risk

The possibility that a borrower will be unable to make the required payments on their debt obligations.

Marketable Securities Portfolio

A collection of liquid financial instruments and securities that can be quickly converted into cash at a value close to the market rates.