Its critics claim that when advertising ____ the elasticity of ...

[jeatrice]

Its critics claim that when advertising ____ the elasticity of demand, firms are able to ____.
 a. decreases; lower their advertising budget
 b. increases; become more competitive
 c. increases; increase their advertising budget
 d. decreases; charge a larger mark-up over marginal cost

Question 2

Sometimes a unitization contract between two oil field owners will require them to turn operations over to a third party because each owner has an incentive to secretly increase output.
  Indicate whether the statement is true or false

[irishcancer18]

Answer to Question 1

d

Answer to Question 2

T

[jeatrice]

Thanks for the timely response, appreciate it

[AngeliqueG]

Great answer, keep it coming