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Author Question: Related to the Economics in Practiceon page 314: According to the Economics in Practice, which of ... (Read 172 times)

nevelica

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Question 1

The right answer to the debate regarding the welfare effects of advertising is that


◦ advertising always leads to concentration in an industry.
◦ advertising always leads to positive economic profits in an industry.
◦ advertising always improves the functioning of the market.
◦ there is no right answer.

Question 2

Related to the 
Economics in Practice on page 314: According to the 
Economics in Practice, which of the following statements is 
true?


◦ Because tastes tend to differ across areas, we would expect to see a wider variety of products available from an online retailer than from an individual brick-and-mortar retailer.
◦ Even though tastes tend to differ across areas, we tend to see a smaller variety of products available from an online retailer than from an individual brick-and-mortar retailer.
◦ Because tastes tend to be roughly the same across areas, we would expect to see a about the same variety of products available from an online retailer as from an individual brick-and-mortar retailer.
◦ Because tastes tend to differ across areas, we would expect to see a smaller variety of products available from an online retailer than from an individual brick-and-mortar retailer.


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Marked as best answer by nevelica on Apr 19, 2019

ricroger

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