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Author Question: When a firm sets a price relatively low in order to increase the market share, it is referred as ... (Read 49 times)

kamilo84

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on: Jul 1, 2018
When a firm sets a price relatively low in order to increase the market share, it is referred as
 
  A) price skimming.
  B) limit pricing.
  C) penetration pricing.
  D) predatory pricing.

Question 2

A rival good
 
  A) is one that is used up as it is consumed.
  B) is one that rival firms are trying to obtain.
  C) is exclusive.
  D) cannot be shared.


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macmac

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

C

Answer to Question 2

A


kamilo84

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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