When a firm sets a price relatively low in order to increase the market share, it is referred as
A) price skimming.
B) limit pricing.
C) penetration pricing.
D) predatory pricing.
C
Economics
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The marginal benefit curve is:
A. upsloping because of increasing marginal opportunity costs. B. upsloping because successive units of a specific product yield less and less extra benefit. C. downsloping because of increasing marginal opportunity costs. D. downsloping because successive units of a specific product yield less and less extra benefit.
Economics
When the price level in the United States rises relative to the price level of other countries, ________ will rise, ________ will fall, and ________ will fall
A) imports; exports; net exports B) exports; imports; net exports C) net exports; exports; imports D) net exports; imports; exports
Economics