When Pepsi is considering a price hike, it needs to consider how ...

[jerry coleman]

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]

Answer to Question 1

a

Answer to Question 2

c