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Author Question: Refer to the table above. Net exports equal A) -2,800 billion. B) 2,800 billion. C) 200 ... (Read 88 times)

ghost!

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on: Jun 29, 2018
Refer to the table above. Net exports equal
 
  A) -2,800 billion.
  B) 2,800 billion.
  C) 200 billion.
  D) -200 billion.
  E) 400 billion.

Question 2

What is the difference between price discrimination and predatory pricing?
 
  What will be an ideal response?


uniquea123

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

Price discrimination occurs when a firm divides consumers into two or more groups and charges each group a different price for the same product. Predatory pricing occurs when a firm decreases the price of a product to drive a rival out of business. Once the rival is gone, the firm increases the price of the product.


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