Which of the following is true?
a. Advertising on a national scale became a widely accepted practice, but only after the Civil War.
b. The first attempts at advertising on more than the local level were directed at consumers rather than retailers.
c. By 1920, advertising was a billion-dollar industry.
d. Only a and b are correct.
e. Only a and c are correct.
e. Only a and c are correct.
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How is the short-run supply curve of a perfectly competitive market different from the long-run supply curve?
Dumping means that a firm is
A) violating environmental laws. B) selling a product in a foreign country at a lower price than it does at home. C) selling a product in a foreign country at a higher price than it does at home. D) selling a product of lower quality in a foreign country.