Basis features of monopolistic competition

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Reference no: EM136237

Q1. Banking system presently has $200b of bank explanation, none of which are excess. Citizens clutch only deposits also no currency, also reserve requirement is 4%. If Fed elevates reserve constraint to 5% and at same time buys bonds of $50b dollars, therefore by how much does money supply amend?

Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?

Q2. Which set o characteristics below bes describes the basis features of monopolistic competition?

Reference no: EM136237

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