Pricing is made difficult by
A) firms having multiple products.
B) concerns about the response of competitors.
C) concerns about consumer linkages of price and quality.
D) all of these choices make pricing difficult.
D
Economics
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If you dump trash in a vacant lot despite regulations against it, then you are
A) saving landfill space and creating a social benefit. B) acting rationally and generating a positive externality. C) avoiding the private costs associated with disposing your trash some other way and creating a social cost. D) acting economically irrational and creating a social cost.
Economics
How does the demand curve facing a monopoly firm compare with the demand curve facing a perfectly competitive firm?
What will be an ideal response?
Economics