Answer:
setting the price of the product well below the price charged by the rival
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
If a monopolistically competitive sets price below competitors, losses would be made. So, there is no incentive to do this
Answer:
E. None of the above
Explanation:
because the price level is not known, we can not tell definitely that the output is increased or unemployment is decreased or standard of living is increased
.
Therefore, we cannot conclude on anything.
Answer: Option(d) is correct.
Explanation:
Given that,
Purchases a bond = $10,000
Bond pays at the end of the first, second, and third years = $400
Bond pays upon its maturity at the end of four years = $10,400
(i) Principal amount of this bond = $10,000
It is the issue price of the bond.
(ii) The coupon rate of the bond = 
= 
= 4% per year
(iii) The term of this bond is 4 years, as it was matured after 4 years.
