Which of the following is a strategy(ies) used by firms in monopolistically competitive industries to convince consumers that their product is better than their rivals' products?
A. Equity marketing
B. Comparative advertising or niche marketing
C. Comparative advertising
D. Niche marketing
Answer: B
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Use the following graph to answer the question. 
Between prices of $5.70 and $6.30
A. D2 is more elastic than D1. B. D1 and D2 have identical elasticities. C. D1 is more elastic than D2. D. D2 is noncomparable to D1.
Suppose attendance is required for a passing grade at Ultimatum University, and the professor repeatedly reminds students of the need to attend every day to survive the class. Nevertheless, we observe many students choosing to stop attending
The students who stop attending include some who even enjoy the class. Using the economic way of thinking, the choice to stop attending generally occurs because A) the students secretly despise the professor. B) the professor secretly despises the students. C) the students value other goods in addition to passing the class. D) the students feel the university has no right to impose such restrictions on their personal freedom.
Refer to Table 10-1. Using the table above, what is the approximate average annual growth rate from 2013 to 2016?
A) 1% B) 1.5% C) 2% D) 3%
Unlike World War I (1914–18), the war debt of World War II (1941–45) was manageable and did not contribute to inflation
Indicate whether the statement is true or false