The American market for shoes is a good example of monopolistic competition. In a situation where Adidas is earning a large economic profit in the short-run, Nike may try to increase their advertising to capture some of that business, If Nike is successful in their campaign, what would happen to the demand curve for Adidas and the price at which they can sell? O a. The demand curve shifts up and to the right, and the price rises. O b. The demand curve shifts up and to the right, and the price falls. O c. The demand curve shifts down and to the left, and the price walls. O d. The demand curve shifts down and to the left, and the price rises. Oe. Nike cannot affect the demand for Adidas since this
The American market for shoes is a good example of monopolistic competition. In a situation where Adidas is earning a large economic profit in the short-run, Nike
may try to increase their advertising to capture some of that business, If Nike is successful in their campaign, what would happen to the
O a. The demand curve shifts up and to the right, and the price rises.
O b. The demand curve shifts up and to the right, and the price falls.
O c. The demand curve shifts down and to the left, and the price walls.
O d. The demand curve shifts down and to the left, and the price rises.
Oe. Nike cannot affect the demand for Adidas since this is a
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