What is the dilemma of the advertisers' dilemma?
What will be an ideal response?
The dilemma is that while advertising may reduce industry profits, it is in the interest of each firm to advertise if they cannot coordinate their decision making.
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Refer to the table above. Which of the following is likely to be true in this case?
A) Laborland's terms of trade will improve. B) Laborland's economy will go into a recession. C) There will be a surplus in Laborland's financial account. D) There will be a deficit in laborland's financial account.
Refer to Table 19-18. What is nominal GDP in 2016 when 2011 is the base year?
A) $28,885 B) $11,790 C) $11,200 D) $10,275
Doctors demand large salaries in part because
a. they are forbidden by U.S. law from receiving economic rent. b. most doctors have backward-bending labor supply curves. c. they participate in the secondary labor market. d. they have made significant investments in human capital.
Refer to the information provided in Figure 8.9 below to answer the question(s) that follow. 
Figure 8.9
Refer to Figure 8.9. If this farmer is producing the profit-maximizing level of output, her total revenue is
A. $0. B. $8,400. C. $12,000. D. $16,800.