Judy's Gymnastics is one of a number of firms in an area offering children's gymnastics programs. Judy's advertises that her program is different from all the others because of the classical music she plays during classes. Judy's advertising campaign is
a. wasteful since she's in a perfectly competitive market
b. unnecessary since she already has a monopoly
c. aimed at increasing market share
d. an attempt to make the demand for her classes more elastic
e. an example of misleading advertising
C
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Exchange rates (for instance, the dollar price of yen) tend to be different worldwide at any point in time because of different tastes for currencies in each country
Indicate whether the statement is true or false
Which statement is true about labor unions in the United States?
A. Unions have not always been very popular. B. They did not gain widespread acceptance until the 1940s. C. The U.S. has a lower percentage of its work force unionized than most other industrial nations. D. All of the choices are true of labor unions in the U.S.