Examples of nonprice competition include advertising and product ...

[joe]

Examples of nonprice competition include advertising and product differentiation.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Assume both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the AVC curve, marginal cost must be:
 a. greater than the average variable cost.
  b. less than the average variable cost.
 c. equal to the average variable cost.
 d. at its minimum.

[cassie_ragen]

Answer to Question 1

True

Answer to Question 2

c

[joe]

Thanks for the timely response, appreciate it

[nguyenhoanhat]

Gracias!