Help with Economics Questions?

Question

Can anyone please help with these 2 Economics Questions?

Question 1) The deadweight loss that’s associated with monopolistically competitive markets is a result of...

A. operating in a constant-cost industry.

B. advertising costs.

C. pricing below marginal cost in order to increase market share.

D. pricing above marginal cost.

Question 2) The practice of selling a product to retailers and requiring the retailers to charge a specific price for the product is called...

A. fixed retail pricing. C. resale price maintenance.

B. unfair trade. D. cost-plus pricing.

Answer 1

Q1:

D. pricing above marginal cost.

Q2:

C. resale price maintenance.

(Answer key, Q47 but read answers because letters are mixed)

http://www.uwec.edu/kolbfr/Spring2004cou...

Answer 2

D and C