Suppose the monopolist only sold the goods separately. What prices will the monopolist charge for Good 2 to maximize revenues for good 1?

Examples of nonprice competition include advertising and product differentiation

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

Countries tend to use the labor processes that ______.

a. they have had the longest b. take advantage of their most plentiful resources c. utilize their most expensive resources d. rely on their most scarce resources