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Author Question: When Pepsi is considering a price hike, it needs to consider how Coke may react. This situation is ... (Read 117 times)

jerry coleman

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on: Jun 30, 2018
When Pepsi is considering a price hike, it needs to consider how Coke may react. This situation is called:
 a. mutual interdependence.
  b. price leadership.
  c. collusion.
  d. monopolistic competition.

Question 2

Variable inputs are defined as any resource that:
 a. varies with the size of the firm's plant.
  b. cannot be changed as output changes.
  c. can be changed as output changes.
  d. can be increased or decreased hourly.


Briannahope

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


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