Author Question: Advertising by firms in monopolistic competition A) provides consumers with no useful ... (Read 73 times)

newyorker26

  • Hero Member
  • *****
  • Posts: 536
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

  • Sr. Member
  • ****
  • Posts: 351
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Multiple experimental evidences have confirmed that at the molecular level, cancer is caused by lesions in cellular DNA.

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

For a complete list of videos, visit our video library