Answer: -18.80% for bond J, -15.46% for bond K
Explanation:
If interest rates suddenly rise by 2 percent, the percentage price change of bond J is -18.80% while the percentage price change of bond K is -15.46%
The calculation is provided below
Answer:
1. true
2. false
3. true
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
In a monopolistic competition, price is higher than marginal costs, so the market cannot be productively efficient. Also, price is higher than marginal cost, so monopolistic competition cannot be allocative efficient.
It is traditional economics
Revise the mission statement as conditions change and the business climate evolves.
