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Author Question: Which of the following exemplifies an intangible durable strategy used by firms to prevent ... (Read 73 times)

frankwu

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on: Jun 30, 2018
Which of the following exemplifies an intangible durable strategy used by firms to prevent competition?
 a. Merging with its competitors
  b. Using brand name or trademark as a reflection of product quality
  c. Advertising
  d. Investing in specific assets

Question 2

In a monopolistically competitive scenario, the demand curve for an existing firm ____ when firms exit the industry.
 a. becomes more inelastic
  b. becomes vertical
 c. becomes horizontal
 d. becomes more elastic


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Sweetkitty24130

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

a


frankwu

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

amcvicar

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Reply 3 on: Yesterday
Wow, this really help

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