$2.98 is an example of
A) typical pricing.
B) markup pricing.
C) odd pricing.
D) margin pricing.
C
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An example of a real-life rule that might constrain people's behavior is:
A. having 24 hours in a day. B. the earth's limited supply of oil. C. minimum wage legislation. D. All of these are examples of real-life rules.
The law of diminishing returns means that marginal costs will eventually rise as a firm produces more.
Answer the following statement true (T) or false (F)
One way DeBeers managed to maintain control over the diamond industry was to:
A. punish consumers who sought to store their wealth in diamonds. B. continue to be the sole diamond producer by buying all existing diamonds. C. create the illusion of no close substitutes through marketing. D. All of these statements are true.
When the Fed increases the quantity of assets it owns, it is said to be engaging in
A. a maturity extension program. B. forward guidance. C. quantitative easing. D. credit easing.