A firm charges a price so low that it prevents other firms from entering the market. This is an example of:
A. a tying contract.
B. limit pricing.
C. price discrimination.
D. predatory pricing.
Answer: B
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After a price floor of $23 is placed on the market in the graph shown, which area represents consumer surplus?
A. A
B. A + B
C. A + B + C
D. A + B + C + D
The information revolution is:
A. putting upward pressure on wages. B. increasing manufacturing employment. C. changing the nature of employment. D. reducing overall employment.
Acquisition activities involve external staffing systems that govern the initial intake of applicants into the organization.
Indicate whether the statement is true or false.
Economic stagnation coupled with high inflation is commonly called:
A. stagflation. B. inflationary stagnation. C. stagnatory growth. D. inflagnation.