After acquiring a close substitute, to increase profits the firm must Raise prices on all the products equally
a.
b. Raise the prices only on products with high margins, while reducing prices on products with low margins
c. Raise prices only on products with high margins, while keeping prices constant on products with low margins
d. Raise prices on both the products, but raise the prices more for products with higher margins
d
Economics
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The Maastricht treaty was the first step toward
A) having free trade between Russia and China. B) European monetary union. C) gaining credibility for monetary policy. D) reducing the costs of disinflation.
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Unemployment is measured primarily in urban areas because in rural areas farm work is usually an outlet for labor
a. True b. False
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