A monopolistically competitive firm usually charges less than a monopoly firm because

Unemployment generally rises during ________ and falls during ________.

The practice of setting prices deliberately below average variable costs in order to put a rival out of business is known as ________ pricing.

Using a word to represent an idea is an example of _________________  thinking.

In general, the more of an individual’s total budget that is spent on a given product, the

Successful advertising

What is the primary function of financial institutions within the context of the loanable funds market?

Firms have ________ when competition is widespread due to market forces

In a monopolistically competitive industry, price

If in the process of calculating GDP, the market value of all intermediate goods is added to the market value of all final goods, this would