Advertising:
a. cannot influence market demand
b. shifts the average total cost curve upward.
c. is used only by perfectly competitive firms.
d. makes demand more elastic by creating customer loyalty.
b
You might also like to view...
What is the least accurate description of changes in the New World distribution of slaves over time?
a. The West Indies' share of slaves in 1825 was slightly larger than its share of the original transatlantic slave trade. b. The United States was a relatively minor importer of slaves, but grew to hold the largest number of slaves. c. Brazil was the largest importers of slaves from Africa and had one of the largest slave populations in 1825.
Worldwide statistics prove that, when economies experience recessions, unemployment rates rise and wages fall
a. True b. False Indicate whether the statement is true or false