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.

---

Definitions:

Pension Benefit Guarantee Corporation

A U.S. federal agency that protects the pension benefits in private-sector defined benefit plans if the company fails to meet its pension obligations.

Stock Market

A public market for the trading of company stock and derivatives at an agreed price; it is a key indicator of the health of an economy.

Unpaid Leave

A period of time that an employee is allowed to be away from work without pay, often for personal, family, or medical reasons.

Employee Benefit

Compensation provided to employees in addition to their normal wages or salaries, such as health insurance, retirement plans, paid vacation, and life insurance.