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please answer all questions! Suppose the federal finance minister wants to pass a law that would...

please answer all questions!
Suppose the federal finance minister wants to pass a law that would require all monopolistically competitive firms to operate
What does entry by new firms into a monopolistically competitive market result in? It creates new consumer surplus. It impose
Advocates for advertising argue that the efficiency of markets is enhanced when advertising does which of the following? u fo
If a firm in a monopolistically competitive market successfully uses advertising to decrease elasticity of demand for its pro
According to critics of advertising, what might advertising do in in some markets? attract products of lower quality into the
Suppose the federal finance minister wants to pass a law that would require all monopolistically competitive firms to operate at their efficient scale. If this law were to pass and be enforced, what would we expect would happen to monopolistically competitive firms? They would see their costs increase. They would have to lower their production. They would require subsidies to stay in business. They would have to exit the market.
What does entry by new firms into a monopolistically competitive market result in? It creates new consumer surplus. It imposes a positive externality on existing firms. It leads to the same externalities that are observed when new firms enter a perfectly competitive market. It results in too many firms in the market.
Advocates for advertising argue that the efficiency of markets is enhanced when advertising does which of the following? u focuses on issues other than the prices of products U is psychological rather than informational u decreases the elasticity of demand for a product u provides information that is useful to consumers
If a firm in a monopolistically competitive market successfully uses advertising to decrease elasticity of demand for its product, what will result? The firm will be able to increase its markup over marginal cost. The firm will eventually have to lower price to remain competitive. u The decreased elasticity of demand will increase the well-being of society. The decreased elasticity of demand will reduce average total cost.
According to critics of advertising, what might advertising do in in some markets? attract products of lower quality into the market o attract less-informed buyers into the market increase elasticity of demand O decrease elasticity of demand
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o Accending to crines of advertising, euhar myne adverting to in some markets? y decreases elasticity of demand. f a from in- 3 2 o of sedral finance ministes waner pans a law that would require all mono polik cally competitive plies to operalt at t

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