In a Monopolistic Competition, each seller delivers a differentiated product which is easily different from its close substitutes. The two main features of Monopolistic Competition are development differentiation and selling expenses.
<h3>What is the connection between product differentiation and monopolistic competition?</h3>
monopolistic competition guides to a market where many firs sell differentiated products. differentiation can arise from aspects of the good or service.
<h3>Why is product differentiation required for monopolistic competition?</h3>
Product differentiation is necessary for monopolistic competition because sellers in monopolistic competitor gain their limited monopoly-like control by making a distinctive product or by convincing customers that their product is different than the competition.
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The correct answer is rise; Keynes effect
Explanation: The basis for the traditional aggregate demand curve is given by the so-called Keynes effect (the effect of falling wages and prices on the real money supply, interest and investment) and the Pigou effect (the effect of this deflation on real money balances that increase private wealth and end up expanding spending.
Answer:
From 1817-1818, the United States Army invaded Spanish Florida and fought against the Seminole and their African American allies. Collectively, these battles came to be known as the First Seminole War. Americans reacted to these confrontations by sending Andrew Jackson to Florida with an army of about 3,000 men.
Explanation:
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Answer: B. it may drive the partner away.
Explanation: C and D don't make sense. Why would A because angry at the person who the jealous person dislikes? What if the person did nothing wrong. Therefore it leads to B. They may just drive them away.