The belief that everyone should have exactly the same amount of income is

To the extent that brand names developed in monopolistic competition provide a benefit to the consumer, it is:

a. by allowing for a lower total cost. b. through their assurance that the firm will provide a quality product in order to preserve repeated transactions. c. by encouraging the entry of new competitors. d. by allowing the firm to engage in price discrimination.

An improvement in a country's legal system that enhanced the ability of citizens to protect their property rights and enforce contracts would result in which of the following changes to the country's production possibilities curve?

a. a movement from a point on the curve to a point outside the curve b. a movement from one point to another point along the curve c. an outward shift of the curve d. a movement from a point on the curve to a point inside the curve