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Author Question: According to the text, a government policy of promoting competition must A) assure small ... (Read 111 times)

wenmo

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on: Jun 29, 2018
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.


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spencer.martell

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


wenmo

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Reply #2 on: Jun 29, 2018
Correct answers!


spencer.martell

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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