Home→ Economics Mcqs → Monopoly & Competition →Defenders of the use of brand names argue that brand names ?

Which of the following is not put forth as a criticism of advertising and brand names ?
Which of the following firms is most likely to spend a large percentage of their revenue on advertising ?
The use of word “competition” in the name of the market structure called “monopolistic competition” refers to the fact that ?
One source of inefficiency in monopolistic competition is that since price is above marginal cost, some units are not produced that buyers value in ?
Which of the following firms has the least incentive to advertise ?
In the short run, if the price is above average total cost in a monopolistically competitive market, the firm makes ?
Which of the following products is least likely to be sold in a monopolistically competitive market ?
Which of the following is not an argument put forth by economists in support of the use of advertising ?
The use of the word “monopoly” in the name of the market structure called “monopolistic competition” refers to the fact that ?
When firms enter a monopolistically competitive market and the business-stealing externality is larger than the product-variety externality then ?
Which of the following is true with regard to monopolistically competitive firms scale of production and pricing decisions Monopolistically competitive firms produce ?
Which of the following is true regarding the production and pricing decisions of monopolistically competitive firms? Monopolistically competitive firms choose the quantity at which marginal cost equals ?
Which of the following is true regarding the similarities and differences in monopolistic competition and monopoly ?
Which of the following is not a characteristic of a monopolistically competitive market ?

Defenders of the use of brand names argue that brand names ?

A. all of these answers
B. are useful even in socialist economics such as the former Soviet Union
C. provide information about the quality of the product
give firms incentive to maintain high quality

Correct Answer: all of these answers ✔

Last Updated: June 18, 2019