1) Which of the following is an example of capital?

• a.)Secret recipe for the custom tea blend sold in the store
• b.)Money needed for day-to-day operations
• c.)Espresso machines used to make coffee drinks
• d.)The baristas that make and serve the beverages sold at Tarheel Coffee

2) Which of the following is true in an oligopoly?

• a.)Advertising will have little effect on the success of a product and is not needed.
• b.) Determining the best price of a product is more important than its marketing.
• c.)Marketing is not needed since demand exists for the product and no one else supplies it.
• d.)Focus on telling customers how the features of a product are different from other products.