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Author Question: Monopolistic competitors advertise because A) they have downward sloping demand curves. B) the ... (Read 23 times)

silviawilliams41

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on: Jun 29, 2018
Monopolistic competitors advertise because
 
  A) they have downward sloping demand curves.
  B) the demand curves they face are very elastic.
  C) they produce goods that can be differentiated from the goods of other firms in the industry.
  D) they can earn long-run profits if they advertise.

Question 2

Economic growth depends on
 
  A) low tax rates.
  B) high government spending.
  C) high rates of consumption.
  D) increases in the capital stock as a result of saving.


apple

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

D


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