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stars_and_moon stars_and_moon
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Posts: 3218
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8 years ago
Kenny owns a business in an industry characterized by monopolistic competition.  He figures that if he places an advertisement for his product in the local newspaper, he can increase the price of his product from $10 to $11 and still sell the same 200 units per week.  The cost of the advertisement is $100 per week.  Should Kenny advertise?  Explain.
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kingbykingby
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#1
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Posts: 3218
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8 years ago
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#2
8 years ago
Perfectly answered Smiling Face with Open Mouth

Cheers
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#3
8 years ago
Yup, vote with confidence!
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