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Author Question: Related to the Economics in Practiceon page 273: In most areas, Internet service providers (ISPs) (Read 97 times)

biggirl4568

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Question 1

Related to the
 Economics in Practice on page 266: When trying to determine the price to charge for a new product, firms sometimes charge one price in one market and another price in a second market. Firms call this approach


◦ price rationing.
◦ using a focus group.
◦ test marketing.
◦ benchmark pricing.

Question 2

Related to the
 Economics in Practice on page 273: In most areas, Internet service providers (ISPs)


◦ are perfectly competitive.
◦ are not regulated by the government.
◦ are monopolies with respect to connection to individual households.
◦ have little market power.


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Marked as best answer by biggirl4568 on Apr 19, 2019

Carissamariew

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biggirl4568

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


patma1981

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Reply 3 on: Yesterday
Excellent

 

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