Author Question: Limit pricing is a strategy used by a firm to A) deter entry. B) enhance short run profits. C) ... (Read 114 times)

K@ · **on:** Jun 29, 2018

Limit pricing is a strategy used by a firm to

A) deter entry.
B) enhance short run profits.
C) raise its prices.
D) lower its costs.

Question 2

With respect to the labor supply curve, the income effect

A) reinforces the substitution effect.
B) lowers the opportunity cost of labor.
C) raises the opportunity cost of labor.
D) influences a person to work less as the wage rate increases.