1. Demand will increase. Demand will decline. Nothing. None of the statements as
ID: 1181319 • Letter: 1
Question
1.
Demand will increase. Demand will decline. Nothing. None of the statements associated with this question are correct 2. What market can you think of, besides that for VCRs, that has shown short-run profits but, over time, has seen profits disappear due to entry? 3. Which of the following is NOT a measure of market structure? Entry conditions. Four-firm concentration ratio. Herfindahl-Hirschman index. Pricing behavior. 4. Which of the following is a strategy(ies) used by firms in monopolistically competitive industries to convince consumers that their product is better than its rivals' products? Comparative advertising. Niche marketing. Equity marketing. Comparative advertising or niche marketing 5. Which of the following is not a condition for a firm to engage in price discrimination? Consumers are partitioned into two or more types, with one type having a more elastic demand than the other. The firm has a means of identifying consumer types. The consumers are assured to be sincere in telling their true natures. There is no resale market for the good.Explanation / Answer
1.Demand will increase
2. The market for IBM compatible personal computers.
3.Pricing behavior.
4.Comparative advertising or niche marketing
5.The consumers are assured to be sincere in telling their true natures.
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