Which of the following real-world situations is the result of excess capacity in a monopolistically competitive market? a. A factory producing women's clothing produces more than it can sell during a season.
b. Gas stations with infrequently used pumps are located at all four corners of an intersection.
c. A retail auto tire store orders too much inventory.
d. Monopolistically competitive firms do not exist in the real world.

Required: 1-a. the marketing manager argues that a $5,000 increase in the monthly advertising budget would increase monthly sales by $9,000. calculate the increase or decrease in net operating income. 1-b. should the advertising budget be increased ? yes no hintsreferencesebook & resources hint #1 check my work 8.value: 1.00 pointsrequired information 2-a. refer to the original data. management is considering using higher-quality components that would increase the variable expense by $2 per unit. the marketing manager believes that the higher-quality product would increase sales by 10% per month. calculate the change in total contribution margin. 2-b. should the higher-quality components be used? yes no