An advertising race among oligopolists may be rational if it
a. is defense advertising.
b. raises entry barriers.
c. increases cost per unit of sales.
d. encourages new entrants.
b
Economics
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When the Fed increases the money supply, it leads to lower interest rates
Indicate whether the statement is true or false
Economics
If a country sets a pegged exchange rate that is above the equilibrium exchange rate, how can the country maintain the peg?
A) by purchasing surplus domestic currency at the pegged rate B) by purchasing surplus domestic currency at the equilibrium exchange rate C) by selling surplus domestic currency at the pegged rate D) by increasing the pegged exchange rate
Economics