A national taco chain offers in-house customers free refills on drinks. It is
A) attempting to increase total profit.
B) selling its meals below cost.
C) selling drinks below cost.
D) engaging in predatory pricing.
E) doing all of the above.
A
You might also like to view...
The minimum value of the Herfindahl-Hirschman Index is
A) -100. B) -1. C) approximately 0. D) 1.
Fiscal expansion
A) stimulates aggregate demand and causes output to decline. B) decreases aggregate demand and causes output to decline. C) stimulates aggregate demand and causes output to rise. D) decreases aggregate demand and causes output to rise. E) decreases government expenditures.
Costs which increase with an increase in output are called
A. changeable costs. B. variable costs. C. fixed costs. D. unchangeable costs.
Sue Ann Buchanan, can make $800,000 on the pro tennis tour, but would be willing to do it for $200,000. Her economic rent is
A. $200,000. B. $600,000. C. $800,000. D. $1,000,000.