Given N = 1000, N = 30, and =

question 95

Multiple Choice

Given N = 1000, n = 30, and = 6, what is the standard error of the sample mean, SE ?

• A) 0.009
• B) 0.5
• C) 1.095
• D) 33.33

Identify the characteristics and inefficiencies of monopolistic competition.

Describe the process and consequences of market entry and exit in the short and long run.

Analyze the profit-maximizing behavior of monopolistically competitive firms.

Compare and contrast monopolistic competition with pure competition and monopoly.

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