Exam 4 Which assumption is part of the model of monopolistic competition? Mutee Choice Fims make identical or homogeneou
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22 If the supply of labor in a purely competmve labor market increases, then the product Multiple Choice supply curve will shift to the right supply curve will shift to the sett demand curve will shift to the right 4 demand curve will shift to the ef
22 If the supply of labor in a purely competitive labor market increases, then the product Multiple Choice supply curve will shift to the right. supply curve will shift to the left. demand curve will shift to the right. demand curve will shift to the left.
6 Which assumption is part of the model of monopolistic competition? Multiple Choice O Firms make identical or homogeneous products O There is no collusion or mutual interdependence among firms There are significant barriers to entry into the market Firms have no control over their products prices b