What's the opportunity cost of taking an unfair advantage in a deal?
A. Probably nothing, if the transaction is only taking place once.
B. Building a reputation for being untrustworthy if the deal is likely to be repeated.
C. Future deals may not occur or may come at a much higher cost.
D. All of these statements are true.
D. All of these statements are true.
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If the shut-down rule, p < AVC, is the same in the short run and the long run, explain why the shut-down prices may be different
What will be an ideal response?
Dumping refers to a country
A) imposing a retaliatory tariff against the subsidized products of a foreign country. B) selling a good abroad at a price that is below its cost and lower than the price charged in the domestic market. C) selling a good abroad at a price that is above its cost and higher than the price charged in the domestic market. D) a and c E) all of the above