Which of the following may result in a higher equilibrium price for a product?
a. Advertising
b. Expectations
c. Imperfect information
d. All of the above answers are true.
e. None of the above answers a.-c. are true.
d
Economics
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A sale in which property or a service is sold to the highest bidder is called a(n)
A) auction. B) bidder sale. C) competitive market. D) Austrian bundle.
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Antitrust laws seek to prevent actions that harm society such as
A) price discrimination. B) refusal to deal. C) predatory pricing. D) All of the above.
Economics