In the DMP model,the number of firms is
A) endogenous.
B) neither endogenous nor exogenous.
C) fixed.
D) exogenous.
E) irrelevant.

Name: In the DMP model,the number of firms is A) endogenous. B) neither endogenous nor exogenous. C) fixed. D) exogenous. E) irrelevant.
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Question

Quizplus · Accepted Answer

In the DMP (Diamond-Mortensen-Pissarides) model, the number of firms is endogenous because it is determined within the model based on economic conditions and decisions made by firms and workers.

In the DMP Model,the Number of Firms Is