A firm's advertising can help rivals
A) if it focuses on a general problem that the product addresses.
B) if it focuses on a secret ingredient that only this firm possesses.
C) if rivals do not advertise.
D) if rivals advertise.
A
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Which of the following is likely to occur as the result of the law of diminishing marginal utility?
A) Petra's utility from her second apple was less than her satisfaction from her first orange. B) Sabine's utility from her first granola bar is greater than Rachel's utility from her second granola bar. C) Wesley enjoyed his second bottle of iced tea less than his first bottle, other things constant. D) Hudson enjoyed his second slice of pizza more than his first.
Why does a monopolist face the market demand curve?
a. Presence of a large number of substitutes b. Presence of a large number of buyers in the market c. Barred entry of any new firm in the market d. Produces a homogeneous product e. Consumers have perfect knowledge of the market
What condition causes a secondary market to arise?
Please provide the best answer for the statement.
Refer to the information provided in Table 25.1 below to answer the question(s) that follow.Table 25.1
Refer to Table 25.1. The required reserve ratio is 25%. If the First Charter Bank is meeting its reserve requirement and has no excess reserves, its reserves equal
A. $100. B. $200. C. $300. D. $600.