A situation in which one firm's actions with respect to price, quality, advertising and related changes may be strategically countered by the reactions of one or more other firms in the industry is known as

A) strategic dependence.
B) economies of scale.
C) the concentration ratio.
D) barriers to entry.


A

Economics

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If aggregate demand falls short of current output, business firms will ________ production to ________ inventories

A) cut; keep from accumulating B) expand; keep from accumulating C) cut; build up D) expand; build up

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The term federal funds market refers to the market for overnight interbank reserve loans

a. True b. False Indicate whether the statement is true or false

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When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:

A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.

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Federal Reserve notes are

A. both an asset and a liability to the Federal Reserve System. B. a liability of the Federal Reserve System. C. a liability to the United States Treasury. D. an asset to the Federal Reserve System.

Economics