According to the text, a government policy of promoting ...

[wenmo]

According to the text, a government policy of promoting competition must
 
  A) assure small businesses they won't fail because of below-cost pricing or other predatory practices by larger businesses.
  B) assure small businesses they won't fail under any circumstances.
  C) equate profit margins among competing suppliers.
  D) maintain a process rather than some state of affairs.
  E) work toward making sellers' demand curves completely elastic.

Question 2

According to the text, the cost-plus-markup procedure
 
  A) is the only sensible way to set prices.
  B) is a sure-fire way to ruin a business.
  C) is a general rule of thumb for price searchers.
  D) can be practiced only by price takers.

[spencer.martell]

Answer to Question 1

D

Answer to Question 2

C

[wenmo]

Correct answers!

[spencer.martell]

Great! Please up vote