Which of the following is a component of predatory pricing?
a. a price reduction after a competitor leaves the market
b. a price hike for a specific group of customers
c. a price reduction designed to sell tied goods
d. a price hike after a competitor leaves the market
d. a price hike after a competitor leaves the market
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US Exports After staying around 1.35 US dollars per Euro for years, the exchange rate fell below 1.25 US dollars to a euro during the summer of 2014 . What affect does this have US exports to Europe?
Accounting profits minus normal profits equal ____________________.
Fill in the blank(s) with the appropriate word(s).
The Eurozone is an example of a:
A) common market. B) currency area. C) free-trade area. D) customs union.
The aggregate supply curve is upward sloping because
A. higher product prices lag behind increases in resource costs. B. higher prices eliminate much of the purchasing power of higher profits and wages. C. higher prices result in greater nominal dollar purchases by consumers. D. production costs tend to rise as an economy produces greater output, and higher prices are necessary to cover the costs.