Firms that are price takers
A) can raise their prices as a result of a successful advertising campaign.
B) are able to sell all their output at the market price.
C) are able to sell a fixed quantity of output at the market price.
D) must lower their prices to increase sales.
B
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What are the three phases of antitrust policy in the United States, since 1890?
a. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, the rule of reason b. 1890 to 1914, per se; 1914 to the early 1980s, the rule of reason; since then, per se c. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, no antitrust policy d. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, a period of rate of return regulation e. 1890 to 1914, the rule of reason; 1914 to the early 1980s, per se; since then, a period of nationalization
If nominal GDP rose by 10 percent and the price index increased from 100 to 105 in a given year, real GDP: a. rose by 15 percent
b. rose by roughly 9.5 percent. c. rose by 5 percent. d. fell by 5 percent.