Refer to the Information Provided

question 138

Multiple Choice

Refer to the information provided.Under what circumstances will both firms choose to advertise?

• A)if advertising lead to 2.5 million customers trying product A once
• B)if marginal costs lowered to $0.50
• C)if there was more competition in the industry
• D)if advertising costs lowered to $15 million

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Definitions:

Past Discrimination

Refers to historical injustices and unequal treatment based on race, gender, religion, or other characteristics, often requiring remedies or affirmative actions.

Affirmative Action

Policies that support measures to increase opportunities for underrepresented groups in areas such as employment, education, and business, often to correct historical injustices.

De Facto Segregation

Racial segregation that occurs in schools, workplaces, and residential areas, not as a result of laws, but as a result of patterns of inequality in society.

African American

African American is a term used to describe Americans of African descent, particularly those whose ancestors were enslaved and brought to the Americas.