Walter is just learning how to ski. He states that every time he goes skiing, he has more fun than the last time. This means his marginal utility of skiing is

Refer to the figure above. The optimal quantity produced by the monopolistic competitor is ________

A) Q1 B) Q2 C) Q3 D) Q4

According to the search model, we should expect greater price dispersion for a given good

a. if the good is a luxury b. if the good is inferior c. if there is much common knowledge about the good d. during a recession e. if a computerized search service is offered