In monopolistically competitive markets, advertising is an ____ type of non-price competition because it is used to ____ the demand for a firm's products
a. important; increase
b. unimportant; increase
c. important; decrease
d. unimportant; decrease
a
Economics
You might also like to view...
Flexible exchange rates are more volatile than floating ones
a. True b. False
Economics
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.
Economics
Based on the following graph, at point C,
The consumer's income is $600.
A. MRS is less than 2.5. B. MRS is greater than 1.25. C. MRS is greater than 2. D. MRS is less than 0.4.
Economics
A fiscal policy action to close a recessionary gap is to:
A. increase government purchases. B. increase the marginal propensity to consume. C. decrease transfer payments. D. increase taxes.
Economics