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Author Question: Related to the Economics in Practiceon page 314: From a consumer welfare standpoint, as the variety ... (Read 21 times)

itsmyluck

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on: Apr 19, 2019

Question 1

The case against advertising includes the assertion that advertising


◦ keeps firms from spending huge sums of money to create artificial differences among goods.
◦ provides consumers with valuable information about product availability, quality, and price.
◦ decreases competition by increasing barriers to entry of new firms into an industry.
◦ ensures high quality and efficient production.

Question 2

Related to the 
Economics in Practice on page 314: From a consumer welfare standpoint, as the variety of available choices of a particular type of product increases, consumer welfare


◦ increases at a proportional rate.
◦ decreases at a proportional rate.
◦ increases to a point, but eventually may lose value with too much variety.
◦ tends to remain very constant.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by itsmyluck on Apr 19, 2019

morrie123456

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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itsmyluck

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Reply 2 on: Apr 19, 2019
Thanks for the timely response, appreciate it

lkanara2

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Reply 3 on: Yesterday
Excellent

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