Answer: Firm sets the price in a monopolistic competition.
Step-by-step explanation:
Monopolistic competition is the market structure in which there are large number of buyers and sellers and it produce differentiated products and there is free entry and exit of firms.
Since they sell differentiated products so, every firm has to set the price of their own products.
Hence, Firm sets the price in a monopolistic competition.
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Step-by-step explanation:


Answer:
b
Step-by-step explanation:
Answer:
7 weeks
Step-by-step explanation:
500-200=300. 300 divided by 40 is 7.5 so 7 weeks

Sales tax = 5%
Note that the sales tax is calculated on the New price and not on the original price

Total cost = New price + sales tax
Total cost = $24 + $1.2 = $25.2
The answer is $25.2