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Author Question: The United States first instituted an income tax in a. 1851 b. 1861 c. 1871 d. ... (Read 31 times)

javeds

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on: Jul 1, 2018
The United States first instituted an income tax in
 
  a. 1851
  b. 1861
  c. 1871
   d. 1881

Question 2

What could be a potential explanation for a firm selling virtually identical products under different brands?
 
  A) Consumers are well informed about the quality of the products.
  B) Consumers believe that the products' quality is similar and thus firms are able to price discriminate.
  C) Consumers always favor private-label brands.
  D) Consumers believe that the products' quality differs and thus firms are able to price discriminate.


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carolinefletcherr

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

D


javeds

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

phuda

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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