One of the ways the market for used cars copes with the problems associated with private information is through the offering of

Competitive firms frequently use advertising to differentiate their product from their competitors' products

a. True b. False Indicate whether the statement is true or false

Along a downward-sloping, linear demand curve, total revenue is the greatest

A) where demand is normal. B) where demand is the most inelastic. C) where demand is the most elastic. D) where demand is unit elastic.