Which of the following is an example of the bandwagon effect?
A) A larger cellphone consumer group makes a cellphone service more attractive.
B) The more people use Facebook, the more attractive it is to consumers.
C) With more broadband services, more high-definition webpages become available.
D) All of the above.
D
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Thrift institutions importance as a source of funds for borrowers
A) has shrunk from around 40 percent of total credit advanced in the late 1970s to below 30 percent by 2014. B) has shrunk from over 20 percent of total credit advanced in the late 1970s to around 3 percent by 2014. C) has expanded dramatically, from around 15 percent of total credit advanced in the late 1970s to above 25 percent by 2014. D) has expanded dramatically, from around 15 percent of total credit advanced in the late 1970s to above 30 percent by 2014.
If the firm were a perfect competitor in the long run, how much would its output be?
