Nonprice competition in monopolistically competitive markets results in
A. consumers buying the product with the lowest price in a differentiated market.
B. less advertising and product differentiation than in markets without nonprice competition.
C. rivalry among competing firms based on the characteristics that differentiate their products.
D. price equaling the minimum average total cost in long run equilibrium.
Answer: C
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In a _____ the outsider buys the shares with debt collateralized by its other assets, and sometimes also by the target's assets
a. merger b. cash tender c. proxy fight d. leveraged buyout