Staggered price setting ________
A) leads to frequent price adjustments
B) occurs when firms fail to consider the behavior of their competitors
C) is generally illegal
D) all of the above
E) none of the above
E
You might also like to view...
If a firm in a competitive industry is making zero economic profit but still producing, it must be the case that:
a. MC = MR > ATC. b. MC = MR < ATC. c. MC = ATC > MR. d. MC = MR = ATC. e. this situation is not possible.
Low productivity in the U.S. appreciates the dollar in the foreign exchange market
Indicate whether the statement is true or false
A market structure with only a few sellers, each offering similar or identical products, is known as
a. oligopoly. b. monopoly. c. monopolistic competition. d. perfect competition.
If there is complete crowding out, the change in Real GDP that results from a given change in autonomous spending will be
A) zero. B) greater than if there was incomplete crowding out. C) infinite. D) There is not enough information to answer the question.