Ezybuy is a newly opened chain of departmental stores that offers ...

[jenna1]

Ezybuy is a newly opened chain of departmental stores that offers its customers free home delivery for purchases above 100 . If this promotional policy increases the cost borne by the seller by 10 for every transaction, while each customer values this service at 3, it can be said to generate economic value.
  Indicate whether the statement is true or false

Question 2

Monopolistic competition is similar to monopoly in that:
 a. firms face perfectly elastic demand curves.
 b. firms sell products for which there are no close substitutes.
  c. there is relatively free entry and exit.
 d. firms have some influence over the product price.

[bassamabas]

Answer to Question 1

F

Answer to Question 2

d

[jenna1]

Correct answers!

[bassamabas]

Great! Please up vote