A firm can signal the high quality of its product by
a. spending nothing on advertising to convey that the product is so good that the firm does not even need to advertise.
b. spending a large amount of money on advertising.
c. getting a patent for the product.
d. not worrying about getting a patent for the product.
b
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Briefly describe the most important differences between the market for health care and the market for other goods and services
What will be an ideal response?
If the Federal Reserve targets the money supply, and the money demand curve shifts to the left, then the Fed
A) cannot maintain the money supply target. B) can maintain the money supply target, but at a lower interest rate. C) can maintain the money supply target, but at a higher interest rate. D) can maintain the money supply target with no change in the interest rate.