Without product differentiation, it would be very difficult for firms to develop brand loyalty
Indicate whether the statement is true or false
T
Economics
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From the information in the above table, what is the marginal utility of the third quart of ice cream?
A) 80 B) 70 C) 60 D) 230
Economics
The Drug Price Competition and Patent Term Restoration Act of 1984 fostered competition from generic drugs by facilitating their approval
Indicate whether the statement is true or false
Economics
Generally, as a movie theater adds more screens its average costs fall. The movie theater can be said to experience
a. declining profit b. higher prices c. diseconomies of scale d. economies of scale e. diminishing marginal returns
Economics
Suppose equilibrium price in the market is $30, and the marginal revenue is $20. What is the price elasticity of demand?
A. -3. B. 3. C. -5. D. -2.
Economics