Monopolistic competitors advertise because
A) they have downward sloping demand curves.
B) the demand curves they face are very elastic.
C) they produce goods that can be differentiated from the goods of other firms in the industry.
D) they can earn long-run profits if they advertise.
C
Economics
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Which of the following business practices, if proven to exist, is always illegal under U.S. antitrust law?
A) tying arrangements B) price fixing among competitors C) exclusive dealing D) all of the above
Economics
A legal minimum on the price at which a good can be sold is called a price
A. subsidy. B. floor. C. support. D. ceiling.
Economics