A recent outbreak of hepatitis was linked to a national fast-food restaurant chain. This is an example of a case in which
a. brand name identity increases the effectiveness of markets.
b. brand name identity can be detrimental to the profitability of a firm.
c. advertising is ineffective in salvaging perceptions of product quality.
d. advertising cannot be used to establish brand loyalty.
b
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Changes in business inventories are not considered part of gross private domestic investment spending
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Firms in monopolistic competition sell a similar but differentiated product. 2. All firms in monopolistic competition must sell at the same price. 3. In monopolistic competition, overall demand and supply may set a market price, but firms can deviate from that price within a small range without substantially affecting their sales. 4. The best example of monopolistic competition in the United States is the steel industry. 5. In monopolistic competition, there is no need for advertising.
In 2015, there were about _____ million union members in the United States.
A. 16.4 B. 11.6 C. 8.4 D. 22.0
People hold money because it is liquid and lacks risk under the
A. precautionary demand for money. B. money balance demand for money. C. asset demand for money. D. transactions demand for money.