If a firm operates in a imperfectly competitive market, it may be able to price its products in local currencies above world prices for their goods. This is called
A) pricing to market.
B) trade war.
C) trade stickiness.
D) price gauging.
A
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The output at which average variable cost is a minimum is ________ than the output at which ________ is a minimum
A) the same as; average total cost B) the same as; marginal cost C) less than; average total cost D) less than; marginal cost
One important factor that affects economic growth is
A) gold reserves. B) the rate of saving. C) which political party is in power. D) the number of workers in heavy industry.
A liquidity provider is someone who:
A. helps make a market more liquid by being always ready to buy or sell an asset. B. works at a bank and specializes in loans. C. works in the financial system. D. invest in the economy.
If the monopolist charges a high price, he will sell:
A. more than demanders want to buy at that price. B. less than if he were to charge a lower price. C. more than if he were to charge a lower price. D. as many as he supplies to the market at that price.