Multiple Choice
One difference between perfect competition and monopolistic competition is that:
A) In perfect competition, the products are slightly differentiated between firms
B) There are a larger number of firms in monopolistic competition
C) There are a smaller number of firms in perfectly competitive industries
D) Firms in monopolistic competition have some degree of market power
Correct Answer:

Verified
Correct Answer:
Verified
Q2: A profit-maximizing monopoly firm with a demand
Q3: P = a - bQ is the
Q4: A perfectly competitive firm should reduce output
Q5: If the demand curve for a monopolist
Q6: In an input-output matrix, the principal diagonal
Q8: In monopoly, if p = Rs. 10
Q9: A price discriminating Monopolist is considered more
Q10: If the demand facing a monopolist is
Q11: In monopoly, when the demand curve is
Q12: In a monopoly, marginal revenue is:<br>A)equal to