1. 1950S: AMERICA AT HOME United States Studies 2. The Ideal wife??? 3. Economic Boom 4. The Thriving Peacetime Economy 1950s—one of the longest sustained economic expansions…
Monopolistic Competition aka rice eekers ith ow arriers o ntry P S W L B t E Characteristics Firms face low entry barriers Differentiated Products -they face a downward sloping…
Firms face low entry barriers Differentiated Products -they face a downward sloping demand curve -no Long Run Profits -Non-price Competition Price Taker Many Small Firms…