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Problem 1
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Problem 10
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13. Monopolistic Competition / Advertising / Problem 3
Problem 3
What might a rational consumer conclude about a product that is heavily advertised?
A
The product is likely of high quality and worth trying.
B
The product is of low quality due to high advertising costs.
C
The product is overpriced and should be avoided.
D
The product is irrelevant to their needs.
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