The product-variety externality is associated with the

1. 1.

2.

3. 

The product-variety externality is associated with the A. loss of consumer surplus from exposure to additional advertising. B. producer surplus that accrues to incumbent firms in a monopolistically competitive industry. C. opportunity cost of firms exiting a monopolistically competitive industry. D. consumer surplus that is generated from the introduction of a new product 2. 1.

2.

3. 

The product-variety externality is associated with the A. loss of consumer surplus from exposure to additional advertising. B. producer surplus that accrues to incumbent firms in a monopolistically competitive industry. C. opportunity cost of firms exiting a monopolistically competitive industry. D. consumer surplus that is generated from the introduction of a new product 3. 1.

2.

3. 

The product-variety externality is associated with the A. loss of consumer surplus from exposure to additional advertising. B. producer surplus that accrues to incumbent firms in a monopolistically competitive industry. C. opportunity cost of firms exiting a monopolistically competitive industry. D. consumer surplus that is generated from the introduction of a new product The product-variety externality is related to the A. lack of client surplus from publicity to extra promoting. B. producer surplus that accrues to incumbent corporations in a monopolistically aggressive trade. C. alternative value of corporations exiting a monopolistically aggressive trade. D. client surplus that’s generated from the introduction of a brand new product

1. d
As extra corporations enter the market in monopolistic competitors, the
product selection will increase.
2. c
As product selection will increase as a consequence of entry of extra corporations, the
client surplus will increase.
3. c
Within the brief run, agency in monopolistic competitors can earn
financial revenue

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