Author Question: When Pepsi is considering a price hike, it needs to consider how Coke may react. This situation is ... (Read 69 times)

jerry coleman

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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

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Answer to Question 1

a

Answer to Question 2

c



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