A perfectly competitive market is characterized by highly ...

[natalie2426]

A perfectly competitive market is characterized by highly advertised goods.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If utility is not maximized, then:
 a. some change in consumption will increase satisfaction.
  b. no change in consumption will increase utility.
  c. only a change in income will increase utility.
  d. only a change in price will increase utility.
  e. the principle of diminishing marginal utility does not hold.

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Answer to Question 1

False

Answer to Question 2

a

[natalie2426]

Thanks for the timely response, appreciate it

[bdobbins]

Gracias!