Corporate culture can be a strategic asset if it

A) adds value.
B) adds value and can be duplicated.
C) adds value and cannot be duplicated.
D) can be franchised.


C

Economics

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Which of the following is a commonly-cited benefit of advertising?

a. Advertising can be a signal of the quality of a product. b. Advertising impedes competition. c. Advertising reduces the deadweight loss associated with monopolistic competition. d. Advertising encourages free entry, which increases profits.

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In the equation of exchange, the average number of times a dollar is used to purchase a final good or service is the __________ of money

A) turnover B) elasticity C) velocity D) transfer

Economics

How would an economist represent the concept of diminishing marginal utility graphically?

a. a line with a positive slope b. a line with a negative slope c. a horizontal line d. a vertical line

Economics

In the above figure, if the market price is less than $7, the firm

A. produces 10 units. B. produces 0 units. C. produces 8 units. D. produces 11 units.

Economics