, In monopolistic competition, firms make price/output decisions as if they were a monopoly. They will produce where marginal revenue equals marginal cost., Free entry into the market may ultimately shrink the economic profits of monopolistically competitive firms.
Tax reductions mean that more disposable income is available to people. But the increase in consumption depends on the marginal propensity to consume (MPC). If the MPC is too low, consumers will not consume the additional income made available to them through tax cuts.
Answer:
French and Indian War
Intolerable tax
First Continental Congress
Explanation:
Just learned this few months ago I hope this helps!
Answer:
Operative
Explanation:
Operative is the only occupation with a minimal amount of manual labour.
