Q20. The demand curves faced by monopolistic competitors is: A) elastic due to the availability of many close substitutes. B) not sensitive to price due to absence of close substitutes. C) inelastic due to the availability of many complementary goods.
Q21. Monopolistic competition differs from pure monopoly in that: A) monopolists maximize profit; monopolistic competitors do not. B) barriers to entry are high under monopoly, but low under monopolistic competition. C) monopolistic competitors are price takers, monopolists are not.
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发表于 2009-1-15 10:14
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