If a firm charges different consumers different prices for the same product and the difference cannot be attributed to cost variations, then it is engaging in
A) markup pricing. B) cost-plus pricing.
C) odd pricing. D) price discrimination.
D
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What action did many Japanese car manufacturers take in response to the stronger yen following the 2007-2009 financial crisis?
A) They only accepted payments in the form of yen. B) They chose to target China as the primary market for exports. C) They abandoned the market in the United States. D) They moved their production to the United States.
The price elasticity of supply of a good measures how much a change in price of the good will change its quantity supplied
a. True b. False Indicate whether the statement is true or false
What happens in the short run and long run in a constant-cost industry such as bags of ice after a natural disaster like a hurricane?
What will be an ideal response?
A period in which the level of business is consistently less than its long-term trend is known as
A. depression. B. business cycle. C. growth trend. D. recession.