In what two ways does trade benefit consumers when firms are
Monopolistically competitive?
A)better quality products, increased information
B)higher incomes, more dependable products
C)lots of bells and whistles, higher wages
D)lower prices, more variety

Question

Quizplus · Accepted Answer

When firms are monopolistically competitive, trade benefits consumers in two ways. First, consumers enjoy lower prices due to increased competition from imported goods. Second, consumers benefit from greater variety in products due to the increased availability of imported goods.

In What Two Ways Does Trade Benefit Consumers When Firms