Monopolistically competitive firms increasing their advertising ...

[Davideckstein7]

Monopolistically competitive firms increasing their advertising will definitely achieve which of the following?
 
  A) shift their average total cost curve up
  B) shift their demand curve to the right
  C) increase their economic profit
  D) shift their demand curve to the right and shift their average total cost curve up

Question 2

What is the Sherman Act and what is its purpose?
 
  What will be an ideal response?

[Dunkey]

Answer to Question 1

A

Answer to Question 2

The Sherman Act of 1890 was the first major piece of federal antitrust legislation. It prohibits two things. First, it prohibits any combination, trust, or conspiracy to restrict interstate or international trade. Second, it prohibits monopolization or any attempt to monopolize interstate or international trade.

[Davideckstein7]

TYSM

[mohan]

Thanks for the timely response, appreciate it