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Author Question: In a perfectly competitive market, which of the following is a primary factor influencing pricing decisions? (Read 59 times)

jenna1

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Question 1

In a noncompetitive environment, the key factor affecting pricing decisions is the ________.
◦ customer's willingness to pay
◦ price charged for alternative products
◦ information on competitor's cost structure
◦ minimum price acceptable to the firm

Question 2

In a perfectly competitive market, which of the following is a primary factor influencing pricing decisions?
◦ cost of production
◦ availability of raw materials in the market
◦ information on competitor's cost structure
◦ value customers place on product


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Marked as best answer by jenna1 on Mar 6, 2021

lorealeza

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jenna1

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Reply 2 on: Mar 6, 2021
Excellent


Kedrick2014

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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