According to libertarians, the government should redistribute income from rich individuals to poor individuals to achieve a more equal distribution of income

Which of the following statements about advertising is true?

a. Advertising lowers the price of a product. b. Advertising lowers the total cost of obtaining a good. c. Advertising has no economic value. d. Advertising increases the opportunity cost of time.

The game between music stores in the figure shows us that:

This figure displays the choices and payoffs (company profits) of two music shops-MiiTunes and The Rock Shop. MiiTunes is an established business in the area deciding whether to charge its usual high prices or to charge very low prices, in the hopes that a new business will not be able to make a profit at such low prices. The Rock Shop is trying to decide whether or not it should enter the market and compete with MiiTunes.

A. only The Rock Shop has a dominant strategy, and so the outcome cannot be predicted.
B. only MiiTunes has a dominant strategy, and so the outcome cannot be predicted.
C. neither store has a dominant strategy, and so the outcome cannot be predicted.
D. None of these statements is true.