Paper instructions:

What is the difference between perfect competition and monopolistic competition?
Select one:
a. Perfect competition has no barriers to entry, while monopolistic competition does.
b. Perfect competition has barriers to entry while monopolistic competition does not.
c. Perfect competition has a large number of small firms while monopolistic competition does not.
d. In perfect competition, firms produce identical goods, while in monopolistic competition, firms produce slightly different goods.
Marginal revenue is equal to the change in total revenue divided by the change in quantity produced
Select one:
a. True
b. False
It shows the different combinations that the consumers can purchase from good (X) and (Y), given the income and the prices of the two goods.
Select one:
a. Indifference curve
b. Demand Curve
c. Supply Curve
d. Budget line
Demand curve shows the relationships between the price and the quantity supplied
Select one:
a. False
b. True
If supply is perfectly inelastic, then price elasticity of supply is equal to zero
Select one:
a. False
b. True
idont have enough qus pls help and answer all the above as soon as possible and i would be extreamly greatfull for it thank you

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