For years, Intel was able to charge a higher price for microchips because:

a. it had a higher quality product than its rivals.
b. it spent less on advertising than its rivals.
c. consumers knew that Intel had the best employees.
d. Intel relied more on foreign labor.
e. of its successful product differentiation.

e

Economics

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A firm's opportunity costs of production are equal to its implicit costs only

a. true b. false

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What does the slope of the line shown in the above figure equal?

What will be an ideal response?

Economics