Author Question: Brand name products tend to have demand curves that are relatively more inelastic because A) brand ... (Read 71 times)

Jipu 123

  • Hero Member
  • *****
  • Posts: 569
Brand name products tend to have demand curves that are relatively more inelastic because
 A) brand name products tend to have more substitutes.
  B) brand name products tend to have fewer substitutes.
  C) consumers are very sensitive to the prices of brand names.
  D) brand names are not valued.

Question 2

A preferred provider organization (PPO) is:
 a. an organization that contracts with physicians, medical facilities, employers, and individuals to provide medical care to a group of individuals.
  b. a network of doctors who agree to provide services to a health plan's enrollees at discounted fees.
 c. a not-for-profit hospital network.
 d. a structure that utilizes traditional insurance plans.



Anton

  • Sr. Member
  • ****
  • Posts: 302
Answer to Question 1

B

Answer to Question 2

b



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

Anton

  • Sr. Member
  • ****
  • Posts: 302

 

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

For a complete list of videos, visit our video library