This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose a firm that sells a variety of athletic shoes is trying to start a pattern of price ... (Read 44 times)

itsmyluck

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
Suppose a firm that sells a variety of athletic shoes is trying to start a pattern of price leadership in its market. Which of the following is not a problem this firm might have to face?
 a. Rivals recognize the intent of its actions.
  b. Other firms may not necessarily follow the leader.
  c. Other firms may not follow the leader but offer better service instead.
  d. Differentiation among products allows for more variation in price.
  e. The price leader must keep costs lower than other firms'.

Question 2

Government bureaus, unlike private firms,
 a. derive their revenue by selling output to the government
  b. have incentives to respond to consumers' desires
  c. price their output by equating marginal cost and marginal revenue
  d. attempt to achieve zero profit
  e. receive little consumer feedback


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

6ana001

  • Sr. Member
  • ****
  • Posts: 311
Reply #1 on: Jun 30, 2018
Answer to Question 1

E

Answer to Question 2

E


itsmyluck

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
:D TYSM

phuda

  • Member
  • Posts: 348
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
Models of Pattern Perception Models of Pattern Perception
Warm-up (5 minutes). Warm up the soft tissues of the feet with a variety of kneading, sliding, and ... Warm-up (5 minutes). Warm up the soft tissues of the feet with a variety of kneading, sliding, and ...
Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs
The path of a race car is shown. What is the straight distance from the start to the finish to ... The path of a race car is shown. What is the straight distance from the start to the finish to ...
Video: Bone processes - resorption and deposition, remodeling and response to stress in adult bones

For a complete list of videos, visit our video library