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mia

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Which of the following is a feature of experiments?
 
  A) Experiments are restricted to laboratories.
  B) Experiments are carried out only in the study of economics.
  C) Experiments help determine cause and effect between variables.
  D) Experiments require the division of participants into a treatment group and a test group.

Question 2

When firms set prices by adding a fixed percentage markup to marginal costs, they are likely
 
  A) concerned with the rate of profit rather than its net amount.
  B) earning a satisfactory rather than a maximum profit.
  C) exploiting their customers.
  D) poorly managed.
  E) searching for the most advantageous prices to set on the basis of limited information.


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Tonyam972

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mia

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Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


meganmoser117

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Reply 3 on: Yesterday
Excellent

 

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