The tax multiplier equals 1 ? spending multiplier

What is an example of lower production costs brought about by the use of technology?

What will be an ideal response?

Which of the following would NOT cause the costs in a monopolistically competitive industry to be higher than those in a perfectly competitive industry?

A. A large number of competitors B. Advertising expenditures C. Marketing costs necessary to differentiate a product D. The ability to control the price of the product so costs can be allowed to rise