Rewrite the sentences in the Active. 1. Monopolistic competition is characterized by product differentiation and non-price competition. 2. Main industries in the United States are dominated by a few giant firms. 3. Market structure is determined primarily by the number of firms
selling in the market. 4. Rise of prices was caused by the cost rise. 5. Inflation was caused by the excess of demand. 6. The rate of exchange of silver to gold is fixed by the government at sixteen to one.
1. Product differentiation and non-price competition characterize monopolistic competition.
2. A few giant firms dominate main industries in the United States.
3. The number of firms selling in the market primarily determine market structure.
4. The cost rise caused rise of prices.
5. The excess of demand caused inflation.
6. The government fixes the rate of exchange of silver to gold at sixteen to one.
Объяснение: