33) The case against advertising includes the fact that A) firms spend large sums of money to create artificial differences among products. B) it provides consumers with valuable information about product availability, quality, and pr C) it increases competition by decreasing barriers to entry of new firms into an industry. D) it ensures high quality and efficient production. 34) A monopolistically competitive firm produces where A) marginal revenue equals price. B) its marginal revenue curve lies above its demand curve. C) its marginal revenue curve intersects the quantity axis. D) marginal revenue equals marginal cost. 35) If firms in a monopolistically competitive industry are incurring losses, in the long run, A) investment in this industry will increase to reduce production costs. B) firms will leave this industry until the remaining firms are earning a normal profit. C) firms will leave this industry until the firms that remain are earning a positive economic profit. D) the government will subsidize the losses incurred by these firms so as to maintain competit in the industry