Product differentiation is a defining characteristic of A) ...

[storky111]

Product differentiation is a defining characteristic of
 
  A) perfectly elastic demand.
  B) oligopoly.
  C) perfect competition.
  D) monopolistic competition.

Question 2

Fred spends all of his income on two goods: DVDs and downloaded music. If Fred's marginal utility per dollar from DVDs is greater than his marginal utility per dollar from downloaded music, Fred can ________ his total utility by buying ________.
 
  A) maximize; more DVDs and more downloaded music
  B) increase; more downloaded music and fewer DVDs
  C) increase; more DVDs and less downloaded music
  D) maximize; fewer DVDs and less downloaded music

[IRincones]

Answer to Question 1

D

Answer to Question 2

C

[storky111]

Thanks for the timely response, appreciate it

[cassie_ragen]

Great answer, keep it coming