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Author Question: Which of the following is the result of competing through advertising for a monopolistically ... (Read 38 times)

plus1

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on: Jun 30, 2018
Which of the following is the result of competing through advertising for a monopolistically competitive firm?
 a. Long-run average costs shift downward.
  b. The firm's demand curve become flatter and shifts inward.
  c. The firm's demand curve keeps the same slope and shifts inward.
  d. Long-run average costs shift upward.

Question 2

Implicit costs are best thought of as:
 a. variable costs.
  b. marginal costs.
  c. accounting costs.
  d. opportunity costs.
  e. sunk costs.


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patma1981

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

d

Answer to Question 2

d


plus1

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

bigsis44

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

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