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4.17 ABC produces a variety of soft drink. It has two competitors but all three producers use product differentiation to distinguish themselves from each other. What type of market is this?
A Perfect competition
B Monopoly
C Monopolistic competition
D Oligopoly
答案:C
4.18 Suppose that, in a certain advanced industrialised country, the government has applied price controls over rents of both public and private rented accommodation for a number of years, and a serious problem of widespread homelessness has built up. Just recently, the rent price controls have been eased. Which of the following consequences should now occur?
1 An increase in homelessness
2 In the longer term, an increase in new building work
3 The provision of more rented accommodation
4 Fewer owner-occupied dwellings
A Consequences 1 and 2
B Consequences 2 and 3
C Consequences 3 and 4
D Consequences 1 and 4
答案:B
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