If government were to regulate a monopolistically competitive market by setting a single price, a consequence would be:
A. less product variety.
B. lower prices in those markets.
C. more output supplied to the market.
D. All of these statements are true.
D. All of these statements are true.
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Consider the following information, and assume that opportunity costs are constant: On one hand, residents of Country A can produce more corn in a year than residents of Country B, but they can produce computers at a lower opportunity cost than residents of country B. On the other hand, residents of country B can produce more computers in a year than residents of Country A, but they can produce corn at a lower opportunity cost than residents of country A. It can be concluded that residents of
A) Country A should produce corn and trade it for computers produced in Country B. B) Country B should produce computers and trade them for corn produced in Country B. C) Country A should produce computers and trade them for corn produced in Country B. D) both countries should choose not to trade.
The different methods by which the sellers inform their potential buyers about the product is called:
a. knowledge transfer. b. advertising. c. product offering. d. information dissemination.