What arguments can be made against product differentiation and advertising?
What will be an ideal response?
Product differentiation and advertising lead to a waste of society's resources. The product of one firm is so close to the product of a competitor. Is it really necessary? Also, advertising may serve as a barrier to entry. It may be costly for a new firm to gain brand recognition.
You might also like to view...
How is the probability of an event defined?
What will be an ideal response?
How is the interest rate on a bond calculated?
What will be an ideal response?
Other things the same, as the number of stocks in a portfolio rises,
a. risk increases and the standard deviation of the return rises. b. risk increases and the standard deviation of the return falls. c. risk decreases and the standard deviation of the return rises. d. risk decreases and the standard deviation of the return falls.
A cross-country analysis of health expenditures and statistics suggests that expenditures (as a percentage of GDP) in the U.S. are ________ than the rest of the world, and that treatment in the U.S. is
A. higher; unambiguously worse in all areas. B. higher; unambiguously better in all areas. C. higher; less effective in some areas and more effective in other areas. D. lower; less effective in some areas and more effective in other areas.