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Author Question: Temporary discounts offered to customers by competitive retailers usually reflect: a. output ... (Read 69 times)

hubes95

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  • Posts: 561
on: Jun 30, 2018
Temporary discounts offered to customers by competitive retailers usually reflect:
 a. output rationing.
  b. a rise in market demand.
  c. price discrimination.
  d. a fall in input prices.

Question 2

As new firms enter a monopolistically competitive market, profits of existing firms ____ and product diversity in the market ____.
 a. decline; decreases
  b. rise; decreases
 c. rise; increases
 d. decline; increases


medine

  • Sr. Member
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  • Posts: 344
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

d


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