One Prediction About Monopolistic Competition Is That It Has Higher

question 80

Multiple Choice

One prediction about monopolistic competition is that it has higher unit costs than perfect competition.But it is unreasonable to conclude that monopolistic competition is therefore bad for consumers because

• A)consumers benefit from lower prices.
• B)consumers benefit from an increased variety of products.
• C)consumers benefit because of an increase in quantity available.
• D)consumers benefit from products becoming more homogeneous.
• E)higher production costs means more employment.

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Definitions:

Estrogen

The principal female hormone, regulating reproductive functions and the development of secondary sex characteristics.

Minipill

A type of birth control pill that contains only progestin, which is less likely to cause some of the side effects associated with estrogen-containing pills.

Oral Pills

A form of medication taken by mouth, specifically used here to likely refer to contraceptives used to prevent pregnancy.

Hormonal Methods

Contraceptive methods that use hormones to prevent pregnancy, such as the pill, patch, injection, and hormonal IUDs.