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Author Question: Firms seek to differentiate their product A) to avoid state and federal regulation. B) to create ... (Read 172 times)

sarasara

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Firms seek to differentiate their product
 
  A) to avoid state and federal regulation.
  B) to create an illusion of value.
  C) to strengthen their demand and to make it more inelastic.
  D) to strengthen their demand and to make it more elastic.

Question 2

In the first years of a professional athlete's career, the athlete is under reserve, which means that he or she cannot negotiate with other teams. This implies that, everything else equal,
 
  A) the player's salary is probably higher than it otherwise would be.
  B) the player's salary is probably lower than it otherwise would be.
  C) the player's salary is probably the same as it otherwise would be.
  D) the player is not hired by the team.


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Bigfoot1984

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