Firms may reasonably make a decision to cut prices if
a. profits are not likely to decline.
b. marginal profit is not negative.
c. MR > MC.
d. All of the above are correct.
d
You might also like to view...
Technological progress means that we produce more output with the same amount of inputs
Indicate whether the statement is true or false
In a open economy, aggregate expenditures are the sum of personal consumption, investment, government, and net export expenditures
Indicate whether the statement is true or false
Icy Treats is a large Italian ice dessert chain with franchises located throughout the United States. Icy Treats' advertising will likely focus on which of the following?
A) promoting Icy Treats locations in a specific state B) promoting a struggling Icy Treats location in Memphis, Tennessee C) promoting a successful Icy Treats location in Memphis, Tennessee D) promoting the enjoyment of eating Icy Treats' icees
Money is what people in a society regularly use when purchasing or selling goods and services.
Select whether the statement is true or false. A. True B. False