Wednesday 25 June 2014
Do monopolistically competitive markets typically have the optimal number of products?
Do monopolistically competitive markets typically have the optimal
number of products? Explain. 2. The chapter says that monopolistically
competitive firms may send Christmas cards to their customers. What do
they accomplish by this? Explain in words and with a diagram. 3. 9.
Describe three commercials that you have seen on TV. In what ways, if
any, were each of these commercials socially useful? In what ways were
they socially wasteful? Did the commercials affect the likelihood of
your buying the product, and why?
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