The cost that firms incur to change prices is referred to as
A. ?menu costs.
B. ?inflation tax.
C. ?pseudo costs.
D. ?transaction costs.
Answer: A
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For the firm offer rule to apply, who must be a merchant?
A) The offeror B) The offeree C) Both the offeror and the offeree D) Neither the offeror nor the offeree
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Indicate whether the statement is true or false