The text describes various pricing strategies that oligopolists use. Which of the following is not one of these strategies?
a. game theory
b. price leadership
c. kinked demand
d. cartel
e. trial and error
E
Economics
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Marginal utility is the:
A) sensitivity of consumer purchases of a good to changes in the price of that good. B) change in total utility obtained by consuming one more unit of a good. C) change in total utility obtained by consuming another unit of a good divided by the change in the price of that good. D) total utility associated with the consumption of a certain number of units of a good divided by the number of units consumed.
Economics
Current account surpluses are offset by
A) the liquidity balances. B) capital account deficits. C) unilateral transfers. D) balance of trade surpluses.
Economics