If Big City Cameras advertises a 90 day low-price guarantee that will refund any of its customers the difference between the price they paid for a camera and a lower price offered by Big City Cameras for the same camera, this is an example of ________.
A) a meet-or-release clause
B) a meet-the-competition clause
C) price visibility
D) a most-favored-customer clause
D) a most-favored-customer clause
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Using the table above, the Current Population Survey classifies the group of individuals obtained by adding groups 5 and 6 as
A) the labor force. B) employed. C) discouraged workers. D) unemployed. E) the working age population.
Who is the seller in a primary market and who is the seller in a secondary market?
What will be an ideal response?
Painters who paint water towers earn higher wages relative to painters who paint houses because
A) painting water towers is more risky than painting houses. B) the tower painters' union is probably more powerful than the house painters' union. C) the demand for tower painters is greater than the demand for residential painters. D) the supply of water tower painters exceeds the supply of house painters.
If Happy Campers, Campers R Us, and Happy Trails each have a market share of 22 percent, according to Chinese law, Happy Campers ________ be considered a dominant firm because the total market share across the three firms is ________ percent.
A) would; 66 B) would; 22 C) would not; 66 D) would not; 22