Which of the following is true about advertising?
A. It is a form of nonprice competition.
B. It is an efficient form of competition.
C. It is less important than price competition in oligopolistic and monopolistic competition.
D. It is a major component of competition in perfectly competitive markets.
Answer: A
Economics
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Refer to Figure 3-4. At a price of $25, how many units will be supplied?
A) 400 B) 500 C) 600 D) 800
Economics
An appreciation of the U.S. dollar makes foreign goods cheaper relative to American goods, resulting in a ________ in net exports in the U.S. and a ________ shift of the IS curve in the U.S., everything else held constant
A) fall; leftward B) rise; leftward C) fall; rightward D) rise; rightward
Economics