Setting the prime rate of interest is an example of
A. price leadership.
B. cutthroat competition.
C. covert collusion.
D. strong competition.
A. price leadership.
You might also like to view...
If the equilibrium level of real GDP per year is greater than the full-employment level of GDP, then
A) the economy is at full employment with no price changes. B) the economy expands the level of real GDP. C) an inflationary gap occurs. D) a recessionary gap occurs.
The struggles and controversies over federal and state powers led to the demise of both the First and Second Bank of the United States
Indicate whether the statement is true or false
Employers may discriminate against minority workers because they don't want to offend white employees or customers
Indicate whether the statement is true or false
Al B. Core works at a Fresh Fish Market. The market sells fresh fish from 9 a.m. until 7 p.m. every day. The store does not sell day-old fish, so all unsold fish are thrown away at 7 p.m. each day. If Al has lots of fresh fish left at the end of the day that cost him $300 to acquire, what should Al do? a. Lower the price of the remaining fish, even if he can't recover his $300
b. Lower the price of the remaining fish, but under no circumstances should the price fall below $300 for the remaining fish. c. Throw the fish away even if he could sell some of them at a discounted price. d. Starting tomorrow, lower the price on all fish so they will all be sold by mid-day.