Which of the following strategies will most likely NOT enhance profits in a Bertrand oligopoly?
A. Two-part pricing
B. Randomized pricing
C. Price matching
D. Brand loyalty
Answer: A
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Most wage differences can be understood while maintaining the assumption of equilibrium in the labor market. We deviate from that assumption, however, when we consider
a. the superstar phenomenon. b. the theory of efficiency wages. c. compensating differentials. d. differences in educational attainment.
Which of the following is a lesson concerning shifts in aggregate demand?
a. they contribute to fluctuations in output. b. in the long-run they change real output, but not the price level. c. policymakers are unable to mitigate the severity of economic fluctuations. d. All of the above are correct.
Figure 3-23
Refer to . The movement from point A to point B on the graph shows
a.
a decrease in demand.
b.
an increase in demand.
c.
a decrease in quantity demanded.
d.
an increase in quantity demanded.
The monetarists think that the growth of the money supply should be approximately equal to the growth of ____________.
Fill in the blank(s) with the appropriate word(s).