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Author Question: Which of the following pricing strategies allows a firm to earn economic profit? A) charging a ... (Read 56 times)

ahriuashd

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Which of the following pricing strategies allows a firm to earn economic profit?
 
  A) charging a price equal to the average variable cost of production
  B) charging a price equal to marginal cost
  C) price discrimination
  D) charging a price equal to the average total cost of production

Question 2

Refer to Figure 14-5. If Netflix lowers its price, will this deter Spotify from setting up a streaming video service?
 
  A) no, because Spotify will make a larger profit than Netflix if it chooses to compete
  B) yes, because Spotify stands to lose 1 million if it competes with Netflix
  C) no, because Spotify will make a profit if it competes with Netflix
  D) yes, because Spotify will make a smaller profit than Netflix if it chooses to compete


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dyrone

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ahriuashd

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


JCABRERA33

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Reply 3 on: Yesterday
:D TYSM

 

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