Which of the Following Is Not an Example of a Durable

question 82

Multiple Choice

Which of the following is not an example of a durable good?

• A)a refrigerator.
• B)an automobile.
• C)a business suit.
• D)a furnace.

Differentiate among various market structures based on the number of firms, product differentiation, and barriers to entry.

Recognize the characteristics and outcomes of monopolistically competitive markets.

Determine the conditions for profit maximization in different market structures.

Understand the role of product differentiation in monopolistically competitive markets.

---

Definitions:

Religion

A set of beliefs, practices, and moral codes related to the worship of or belief in a supernatural power or powers considered to be divine or sacred.

Cognitive Dissonance

The psychological unease felt when an individual simultaneously possesses conflicting beliefs, ideas, or values.

Dissonance

A state of conflict or inconsistency between one's beliefs, attitudes, or actions, often leading to discomfort and change.

Textbook

A published collection of scholarly written material covering particular subjects, often used for academic study.