When firms price based on the packaging of several products, they are
A) using a limit price.
B) predatory in their marketing.
C) bundling.
D) none of these choices.
C
You might also like to view...
In the above table, if this is a perfectly competitive firm and the market price of the product is $5 and the marginal factor cost of labor is $60, how many units of labor will the firm hire?
A) 2 B) 3 C) 4 D) 6
Headline inflation:
A. includes all of the goods the average consumer buys. B. is measured using core inflation with the prices of food and gasoline added in. C. is based on the CPI basket of goods. D. All of these statements are true.
Economists assume that when there is a change in supply and/or demand, the market clearing price returns to the equilibrium
A. after an adjustment period. B. quickly. C. after a protracted negotiation process. D. slowly.
The curve in the above graph:
A. can only be a perfectly inelastic demand curve.
B. can only be a perfectly inelastic supply curve.
C. may be either a perfectly inelastic demand curve or a perfectly inelastic supply curve.
D. can be neither a perfectly inelastic demand curve nor a perfectly inelastic supply curve.