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Author Question: When a firm prices its goods below the marginal cost to drive away competitors, it is referred as ... (Read 108 times)

Yolanda

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on: Jul 1, 2018
When a firm prices its goods below the marginal cost to drive away competitors, it is referred as
 
  A) price skimming.
  B) limit pricing.
  C) penetration pricing.
  D) predatory pricing.

Question 2

If the government wants to regulate a natural monopoly, it will force the firm to set price equal to
 
  A) average cost.
  B) marginal cost.
  C) marginal revenue.
  D) None of the above.


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JCABRERA33

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


Yolanda

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

jojobee318

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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