Which of the Following Is a Reason Why Individual Firms

question 276

Multiple Choice

Which of the following is a reason why individual firms under pure competition would not find it gainful to advertise their product?

• A)Firms produce a homogeneous product.
• B)The quantity of the product demanded is very large.
• C)The market demand curve cannot be increased.
• D)Firms do not make long-run profits.

---

Definitions:

Adherence

Adherence refers to the extent to which individuals follow prescribed guidelines, rules, or treatment plans, often used in a healthcare context.

Commonsense View

The understanding or perception of reality based on everyday experiences and shared among people within a culture without the need for specialized knowledge.

Emotions

Complex psychological states that involve subjective experiences, physiological responses, and behavioral expressions.

Spontaneous

Occurring naturally, without being planned or forced, often characterized by a sense of immediacy and impulsiveness.