Which of the following is true about advertising by a firm?
A. It is always successful in increasing demand for a firm's product.
B. It attempts to increase demand and to make demand more inelastic.
C. It reduces barriers to entry in a market.
D. It is only used in the monopolistic competition market structure.
Answer: B
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The adoption of inflation targeting in the United States ________
A) brought an end to the "dual mandate" regime B) resulted from legislation enacted in 1914 C) occurred after its adoption in more than a dozen other countries D) was blocked by its staunch opponent, Ben Bernanke
A fundamental principle in demand analysis is that a change in price leads to
A) a movement along the demand curve. B) a rightward shift of the demand curve. C) a leftward shift of the demand curve. D) a complementary movement on the supply curve.
Refer to the graph below, where Sd and Dd are the domestic supply and demand curves for a product. The world price of the product is $6. If this market were closed to international trade, the total revenue that would go to domestic producers would be:
A. $600, but only $240 if the domestic market were open to international trade
B. $600, but only $120 if the domestic market were open to international trade
C. $500, but only $240 if the domestic market were open to international trade
D. $240, but only $120 if the domestic market were open to international trade
The federal government of the United States was established as a federation of the governments of the original thirteen states
a. True b. False