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Business, 27.08.2019 02:10 TheBugDa

Choose the correct statement. a. brand names provide little information to consumers. b. a brand name gives the producer an incentive to create below-standard products after customers become loyal. c. monopolistic competition is an efficient market because of the presence of advertising and brand names. d. to determine efficiency in monopolistic competition, the opportunity cost of the additional information provided through advertising and brand names must be weighed against the gain to the consumer.

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