The answer is b. Missouri would be admitted to a slave state, and Maine would be a free state
A monopolistically competitive market is, by definition, constituted by a large number of firms that compete producing diferenced versions of a product. Such companies are not price-takers and they hold certain degree of power market and of control over the pricing decisions.
However, in a market that comprises so many actors in its supply side, the market power is splitted in many small units and the amount exercised by each is not very strong. Firms operating in this market structure do not have enough power to affect their rivals through their internal decisions and also not enough power to affect potential competitors and to prevent their entrance. They cannot set entry barriers to prevent the entrance of new companies in the market.
The idea that a proletarian revolution is needed is a cornerstone of Marxism; Marxists believe that the workers of the world must unite and free themselves from capitalist oppression to create a world run by and for the working class.
<span>Consumer demand for these products decreased because everyone already had what they needed from these companies. This ended up causing prices to fall which, in turn, led to the economy slowing down. This coupled with bank policies led to a bust in the economy that lasted the better part of an entire decade.</span>
