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Author Question: Of the following high-income countries, which has the highest infant mortality rate? A) Canada B) ... (Read 106 times)

storky111

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on: Jun 29, 2018
Of the following high-income countries, which has the highest infant mortality rate?
 
  A) Canada B) Japan
  C) the United Kingdom D) the United States

Question 2

What arguments can be made in favor of product differentiation and advertising?
 
  What will be an ideal response?
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Andromeda18

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

D

Answer to Question 2

First, consumers are provided with a large variety of products. Variety is important in ensuring that all consumers are satisfied. Product differentiation leads to innovation, giving us products we didn't have in the past. Product quality is also enhanced because firms have their reputation (and brand name) at stake. In addition, advertising can help consumers make informed, rational choices.


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