Product differentiation
A) is possibly welfare enhancing if new products match consumer preferences better.
B) is welfare reducing even if new products match consumer preferences better.
C) is welfare enhancing even if new products do not match consumer preferences better.
D) is welfare reducing even if new products do not match consumer preferences better.
Question 2
Company towns are often decried as monopsonists. Why was it unlikely that another employer would move into a company town?
A) The marginal workers available in the company town had low marginal revenue product.
B) The existing monopsonist had a first-mover advantage.
C) The marginal workers available in the company town would demand a wage higher than that obtained at the existing monopsonist.
D) Any of the above.
Pericardial effusion: A, normal pericardial sac; B, pericardial sac with excess fluid possibly causi
Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Examples of Generic Drugs Contained in Brand-Name Products
Importance of Considering Gestalt Principles in Product Design (2 of 2)
Product Rule
Acid products of metabolism of ethylene glycol and methanol