A monopolistically competitive firm
A. should lower its price if it intends to reduce output.
B. sells a fixed amount of output regardless of price.
C. can sell an infinite amount of output at the market-determined price.
D. should raise its price if it intends to reduce output.
Answer: D
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A) change the incentive to work B) change the incentive to save C) change the incentive to invest D) all of the above
Examples of management reports for internal decision making include all of the following except:
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