A monopolist has a strong incentive to advertise

Mrs. Lovejoy decides to invest in companies which she believes can produce their goods at the lowest possible cost. Mrs. Lovejoy is investing in companies that are

A) always going to be profitable. B) productively efficient. C) both productively and allocatively efficient. D) allocatively efficient.

Which of the following is the fallacy in the fallacy of composition?

A. Whatever goes up must come down B. Facts are more important than theories C. What is true for the part is necessarily also true for the whole D. If event B occurs after event A, event A must have caused event B