Given the demand curve it faces, if an imperfectly competitive firm wants to sell another unit of output, it must:
A. increase its advertising.
B. lower its quality.
C. increase the value of its product.
D. lower its price.
Answer: D
You might also like to view...
Mary has to choose between a four-day vacation and a five-day vacation to the same place. To arrive at the optimal choice, which optimization technique do you think will be arithmetically easier and faster to implement and why?
What will be an ideal response?
Scarcity has no importance to understanding economics
a. True b. False Indicate whether the statement is true or false
The distribution of profits among partners is determined by the
a. government's regulations b. partnership agreement c. financial contribution each makes to the business d. limits of their liability e. quantity of stock each owns
Consider a two-way network with 1,000 users. The number of potential connections is:
A. 999. B. 2,000. C. 1,000. D. 999,000.