78) What do critics of advertising contend?
Diff: 2 Page Ref: 403 79) Are monopolistically competitive firms efficient, why or why not?
Diff: 8 Page Ref: 402 80) How can a monopolistically competitive firm earn higher profits?
Diff: 2 Page Ref: 403 81) What can a firm do to create value in a product for consumers?
Diff: 2 Page Ref: 404 82) What typically happens in the long run to monopolistically competitive firms who gain an initial advantage over other firms and earn profits in the short run and and what can a firm do to maintain profits?
Diff: 2 Page Ref: 398 83) When pricing a product, a firm often estimates total costs by including "fully allocated overhead," which is total fixed costs, and fully allocated overhead is included in total costs to find the extra cost of production, is the firm's analysis sound?
Diff: 2 Page Ref: 395