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Author Question: Product differentiation is a defining characteristic of A) perfectly elastic demand. B) ... (Read 64 times)

storky111

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on: Jun 29, 2018
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


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IRincones

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

D

Answer to Question 2

C


storky111

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Reply 2 on: Jun 29, 2018
Excellent

ricroger

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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