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Author Question: Advertising by firms in monopolistic competition A) provides consumers with no useful ... (Read 32 times)

newyorker26

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on: Jun 29, 2018
Advertising by firms in monopolistic competition
 
  A) provides consumers with no useful information.
  B) does not occur.
  C) can persuade customers that product differentiation exists.
  D) wastes resources because the entry of rivals forces firms to be price takers.

Question 2

For a common resource, the marginal private cost curve slopes ________ and the marginal social cost curve slopes ________.
 
  A) upward; upward
  B) upward; downward
  C) downward; upward
  D) downward; downward


joshraies

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

C

Answer to Question 2

A


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