Which of the following statements is false?

A. While managers must understand how output prices are determined, determination of input prices is irrelevant because it is beyond the manager's control.
B. Output prices influence a firm's revenues.
C. Input prices influence a firm's costs of production.
D. Price determination is the key element in any market system.


A. While managers must understand how output prices are determined, determination of input prices is irrelevant because it is beyond the manager’s control

Economics

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An increase in the price of product B resulted in an increase in the demand for product C. This indicates that products B and C are:

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A decrease in the demand for incandescent light bulbs due to changes in consumer tastes, accompanied by a decrease in the supply of incandescent light bulbs as a result of government restrictions, will result in

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Inflation expectations in the United States generally

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Economics