Sort the following outcomes of product differentiation by whether they are costs or benefits of monopolistic competition

(1) prices set above the marginal costs of production
(2) increased variety
(3) competition based on location
(4) long-run production at a point tangent to the average total cost (ATC)curve
(5) competition based on quality

Jake and janelle loved to prepare gourmet meals for friends and family. they started a business of preparing theme-type dinners for friends who were having parties. to generate even more interest in the business, janelle created on her website. she posted pictures of events, and close-ups of the food they served. she encouraged patrons and others to post reviews, comments, and favorite recipes, and to share their own party ideas. her promotion became a dialogue between buyers of her service and the business. interactive promotion infomercials product placement broadcast