Which of the following pricing strategies does NOT usually enhance the profits of firms with market power?
A. Price matching
B. Marginal cost pricing
C. Cross-subsidies
D. Two-part pricing
Answer: B
You might also like to view...
If you have private information that you are a safer driver than your record indicates, you are likely to buy an insurance policy with
A) a higher than average deductible. B) a positive but lower than average deductible. C) an average deductible. D) no deductible.
Which of the following is FALSE about services trade for India and China?
A) China exports more services than India does. B) India has a trade surplus in services. C) China has a trade surplus in services. D) India trades primarily information services and other business services.
Which of the following best describes the concept of "derived demand?"
a. The price of corn land determines the price of corn. b. The price of corn land has nothing to do with the price of corn. c. The price of corn determines the price of the land on which corn is grown. d. Cheap labor means cheap corn.
Rachel cuts her sister's hair for free. When she cuts the hair of her customers in her shop, she charges $10 . When is Rachel's haircutting included in GDP?
a. When she cuts her sister's hair or cuts her customers' hair. b. When she cuts her sister's hair, but not her customers' hair. c. When she cuts her customers' hair, but not her sister's. d. Never.