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Author Question: The problem with efficient component pricing is that it can invite entry that is inefficient. ... (Read 55 times)

Coya19@aol.com

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on: Jul 1, 2018
The problem with efficient component pricing is that it can invite entry that is inefficient.
 
  Indicate whether the statement is true or false

Question 2

The artist Pablo Picasso sketched a woman tourist and charged her a lot for just a few minutes work. By his response, this is an example of:
 
  a. Overcharging
  b. Getting paid for one's life experience, expertise
  c. Agreement on the woman's part about fair value
  d. Material resources


bd5255

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Reply #1 on: Jul 1, 2018
Answer to Question 1

F A major advantage of efficient component pricing is that it discourages inefficient entry.

Answer to Question 2

B


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