1-

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.

2-

Marginal revenue is equal to the change in total revenue divided by the change in quantity produced

Select one:

a. True

b. False

3-

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

4-

Demand curve shows the relationships between the price and the quantity supplied

Select one:

a. False

b. True

5-

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