Rational slave owners had economic incentive to adequately clothe, feed and care for their slaves

What will happen when a firm raises the price of a differentiated product in an imperfectly competitive market?

a. It will see lower sales but will not lose all its sales. b. It will lose all its sales to competitor firms. c. It will actually get new customers from other firms. d. It will see an increase in revenues.

Which of the following would NOT provide an incentive to reduce the amount of beef consumed?

A) an increase in the price of beef B) a subsidy to buyers of beef C) a decrease in the price of chicken D) a ban on beef sales by the Food and Drug Administration