Which of the Following Statements Is False

question 60

Multiple Choice

Which of the following statements is false?

• A)The typical monopolistically competitive firm could reduce its average total cost if it produced more output.
• B)Monopolistically competitive firms advertise in order to increase the elasticity of the demand curve they face.
• C)Expensive advertising might help consumers if it is a signal that the product is good.
• D)Brand names acquired at great cost might help consumers by assuring quality.

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Definitions:

Increasing Order

Arranging items or values so that each successive item is larger or greater than the preceding one.

Encoding

The process by which information is transformed into a format that can be stored and used in memory.

Seriation

The cognitive ability to arrange objects in sequential order based on a particular characteristic, such as size, color, or age.

Mainstreaming

An educational strategy that involves placing students with special needs in general education classrooms, promoting their inclusion in typical academic and social activities.