One well-established full-service stock brokerage charges $35 commissions per trade. A new online brokerage charges $7.95 per trade. Yet, many people still elect to use the traditional, full service broker. Why?
A) They're fools.
B) They must not be aware of online brokers.
C) They might perceive the low commission to be a sign of low reliability.
D) They are failing to economize.
C
Economics
You might also like to view...
A monopolistically competitive firm that is earning profits will, in the long run, experience all of the following except
A) demand for the firm's product becomes more elastic. B) a decrease in demand for its product. C) new rivals entering the market. D) a decrease in the number of rival products.
Economics
The additional output a firm produces by hiring one more worker is called the marginal product of labor
Indicate whether the statement is true or false
Economics