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Author Question: Its critics claim that when advertising ____ the elasticity of demand, firms are able to ____. a. ... (Read 79 times)

jeatrice

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on: Jun 30, 2018
Its critics claim that when advertising ____ the elasticity of demand, firms are able to ____.
 a. decreases; lower their advertising budget
 b. increases; become more competitive
 c. increases; increase their advertising budget
 d. decreases; charge a larger mark-up over marginal cost

Question 2

Sometimes a unitization contract between two oil field owners will require them to turn operations over to a third party because each owner has an incentive to secretly increase output.
  Indicate whether the statement is true or false


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irishcancer18

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

T


jeatrice

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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