Advertising and Brand Names

question 88

Multiple Choice

Advertising and brand names

• A)are never efficient.
• B)can be efficient but are not always efficient.
• C)are equally efficient in monopolistically competitive markets and perfectly competitive markets.
• D)are always efficient.
• E)are more efficient in perfectly competitive markets than in monopolistically competitive markets.

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenues.