Author Question: Pricing is made difficult by A) firms having multiple products. B) concerns about the response of ... (Read 60 times)

scienceeasy · **on:** Jun 30, 2018

Pricing is made difficult by
A) firms having multiple products.
B) concerns about the response of competitors.
C) concerns about consumer linkages of price and quality.
D) all of these choices make pricing difficult.

Question 2

Price should be
A) determined by equating average cost and marginal cost to determine quantity and then setting the price using that quantity and the demand curve.
B) determined by equating marginal revenue and average revenue to determine quantity and then setting the price using that quantity and the demand curve.
C) determined by equating marginal revenue and marginal cost to determine quantity and then setting the price using that quantity and the demand curve.
D) determined by equating marginal revenue and long-run average cost to determine quantity and then setting the price using that quantity and the demand curve.