Which of the following is not an example of nonprice competition?
a. Kellogg's introduces Froot Loops with Lemonberry Swirls.
b. Sterling Planet provides consumers the opportunity to purchase renewable electricity in upstate New York.
c. Mountain Dew sells "Livewire" orange soda in the summer of 2003.
d. Nissan lowers the interest rate charged for new automobile financing.
e. Honda produces a hybrid version of its Civic.
d
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Considering the information in the table shown, if Jack decides to consume bundle D, we can conclude that Jack:
This table shows the different combinations of goods that Jack can consume, given that his income to spend on these two items is $10.
A. still has money left to spend.
B. is not maximizing his utility.
C. could consume more of both goods.
D. All of these are true.
An industry that generates detrimental externalities will have a marginal social cost higher than the marginal private cost to the industry.
Answer the following statement true (T) or false (F)
Explain how a government can cause the demand for loanable funds curve to rise and to fall and provide an example.
What will be an ideal response?
An industry in which only two firms compete to supply a particular product is:
a) An oligopoly. b) A monopoly. c) Monopolistic competition. d) A duopoly.