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Author Question: Advertising by monopolistically competitive firms can do all of the following EXCEPT A) lower the ... (Read 31 times)

soccerdreamer_17

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on: Jun 29, 2018
Advertising by monopolistically competitive firms can do all of the following EXCEPT
 
  A) lower the consumer's purchase price.
  B) help differentiate a firm's product.
  C) act as a signal to consumers that the company is serious about staying in business.
  D) result in increased profits for the advertising firm.

Question 2

If a price ceiling were established above the equilibrium price,
 
  A) it would have no effect on the quantity demanded.
  B) it would create a shortage.
  C) it would create a surplus.
  D) none of the above.


fromAlphatoOmega22

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

A

Answer to Question 2

A


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