Firms in monopolistic competition can acquire market power

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Reference no: EM131379151

1. Firms in monopolistic competition can acquire some market power by:

A. using price competition.

B. increasing their output to the perfectly competitive level.

C. differentiating the product.

D. engaging in tacit collusion.

2. Which school of thought calls for more information from government policymakers so that consumers can make more rational economic decisions?

a. Neo-Classicals

b. Neo-Keynesians

c. Austrians

d. Keynesians

Reference no: EM131379151

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