A problem with using the price of a product similar to the intermediate good sold on the market is
a. the market price includes a margin above marginal cost
b. the product on the market may include costly features your downstream division does not use
c. the product on the market may be cheap because it is not as high of quality as your downstream division uses
d. all of the above
d
Economics
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In the game in Scenario 13.6,
A) "Poison Pill" is a dominant strategy for Lawrence LLP. B) "Dump" is a dominant strategy for Lawrence LLP. C) "TurboTech" is a dominant strategy for ERS Co. D) "ZamboniTech" is a dominant strategy for ERS Co. E) No firm has a dominant strategy.
Economics
The interest rate represents the opportunity cost of holding non-monetary assets
a. True b. False Indicate whether the statement is true or false
Economics