Because of their brand names, Kodak, IBM, Honda, Daimler-Chrysler, and other well-known firms are able to charge significantly higher prices for their products than their competitors without losing any business. Expenditures made by firms to create brand names:
a. are always inefficient.
b. provide reliability to consumers.
c. lead to monopolies.
d. necessarily lead to deadweight losses.
e. would not exist if information was less costly for firms to obtain than consumers.
b
Economics
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One protection that encouraged entrepreneurs in the U.S. was the enforceability of contracts by the courts
a. True b. False Indicate whether the statement is true or false
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If the investment demand curve shifts to the left, then
A. The AD curve will shift to the left. B. The AD curve will not be affected. C. There will be upward movement along the AD curve. D. The AD curve will shift to the right.
Economics