Product differentiation
A) is possibly welfare enhancing if new products match consumer preferences better.
B) is welfare reducing even if new products match consumer preferences better.
C) is welfare enhancing even if new products do not match consumer preferences better.
D) is welfare reducing even if new products do not match consumer preferences better.
A
You might also like to view...
When a good is both rivalrous and nonexcludable the:
A. free rider problem may arise. B. tragedy of the commons may arise. C. good is likely a private good. D. good is likely an artificially scarce good.
If the supply of health care services is highly inelastic, programs that subsidize the cost of purchasing medical services will
a. lead to higher prices for medical services. b. lead to lower prices for medical services. c. not affect the price of medical services. d. help the buyers of medical services more than the sellers of those services.
Which statement is true?
A. Most American workers are members of labor unions. B. Virtually no Americans are members of labor unions. C. A rising percentage of workers are members of labor unions. D. A declining percentage of workers are members of labor unions.
When the yield curve is downward sloping:
A. people are expecting an economic slowdown. B. people are expecting higher inflation in the future. C. short-term yields are lower than long term yields. D. people could be expecting a tightening in monetary policy.