To differentiate its product, a monopolistic competitive firm will engage in all of the following advertising practices EXCEPT

A) direct marketing.
B) mass marketing.
C) interactive marketing.
D) indirect marketing.


D

Economics

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During the mid 1980s the price of gasoline fell. Americans purchased not only more gasoline but other goods as well. Use consumer theory to explain why this happened

What will be an ideal response?

Economics

The principle that states the marginal product of an input decreases as the quantity of the input increases is called:

A. total product optimization. B. increasing rate of return. C. production function. D. diminishing marginal product.

Economics

According to the saving and investment equation, if net foreign investment rises by $60 million,

A) domestic investment will rise by $60 million.
B) private saving will fall by $60 million.
C) national saving will fall by $60 million.
D) national saving will increase by $60 million.

Economics

A demand function is inelastic if the absolute value of its elasticity is less than one.

a. true b. false

Economics