Predatory pricing occurs when a monopolist charges a:
A. price above average total cost.
B. price above average variable cost.
C. low price to drive out competition, then charges a high price.
D. high price to drive out competition, then charges a low price.
Answer: C
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Unions have been consistent supporters of quotas in hiring
Indicate whether the statement is true or false
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A. set a price greater than average total costs. B. be inefficient. C. incur losses. D. earn zero accounting profits.
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Indicate whether the statement is true or false