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Author Question: Firms that sell highly customized items such as motorcycles charge higher mark-ups than firms ... (Read 86 times)

lunatika

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Firms that sell highly customized items such as motorcycles charge higher mark-ups than firms selling similar, but homogeneous products. An explanation for their market power is the
 
  A) bandwagon effect.
  B) greater value effect.
  C) snob effect.
  D) behavioral effect.

Question 2

A firm that generates zero economic profit usually has
 
  A) negative business profit.
  B) zero business profit.
  C) positive business profit.
  D) business profit equal to half the total revenue.


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angrybirds13579

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lunatika

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Reply 2 on: Jul 1, 2018
Gracias!


ktidd

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Reply 3 on: Yesterday
Excellent

 

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