Answer:
a & c but i think you should try c
Explanation:
Suppose that both firms start off not advertising. If firms act independently, what strategies will they end up choosing (option B) - Both firms will advertise)
<h3>What is an advert?</h3>
An advert is a mass or public media message with is designed to convince people to but into a product, service or an idea.
Hence, it is correct to state rival firms will end up advertising.
Learn more about advertising at:
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Full Question:
Suppose that both firms start off not advertising. If firms act independently, what strategies will they end up choosing?
A) fizzo will choose not to advertise and Pop Hop will choose to advertise.
B) Both firms will advertise
C) Both firms will choose NOT to advertise
D) Fizzo will chose to advertise and Pop will choosenot to advertise.
He displays a physical response because his head moves
He displays engaged listening because he is humming along
The correct statements are:<span>
</span>
<span>An increase in price leads to a decrease in quantity demanded
</span>
and
<span>A decrease in price leads to an increase in quantity demanded</span>
According to the laws of demand and supply, if the price of any product/service is increased there would naturally be less demand for such a product.
As a natural human response, we avoid products that get expensive and opt for cheaper options.
Also, if the price of a product/service decreases, there would be more demand for such a product as more people will be able to buy it.
