In Lee Benham's 1972 article examining the impact of advertising on the average price paid for a pair of eyeglasses, Benham found that
a. the average price paid for eyeglasses was nearly 20% higher in the states that did not restrict advertising.
b. the average price paid for eyeglasses was nearly 20% lower in the states that did not restrict advertising.
c. there was no difference in the average price paid between states that restricted advertising and those that did not.
d. the average price paid for eyeglasses was almost 5 times higher in the states that did not restrict advertising.
b
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Pursuing comparative advantage means
A) adding up the plusses and minuses after a transaction. B) doing it to the other person first. C) making equal, fair exchanges for equally valued goods or services. D) sacrificing something less valuable for the sake of something more valuable. E) seeking relative status rather than absolute welfare.
Discrimination is usually not a profit-maximizing strategy
a. True b. False Indicate whether the statement is true or false