Given that the firm offers both the products, what prices can it offer to motivate the two groups to profitably self-sort into buying the correct brand

a. No-name $60; High-end $100
b. No-name $50; High-end $100
c. No-name $50; High-end $90
d. No-name $60; High-end $90

c

Economics

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A depreciation of a country's currency always lowers the domestic firm's profits

Indicate whether the statement is true or false

Economics

If labor in Mexico is less productive than labor in the United States in all areas of production,

a. then neither nation can benefit from trade. b. then Mexico can benefit from trade but the United States cannot. c. then the United States will have a comparative advantage relative to Mexico in the production of all goods. d. then both Mexico and the United States still can benefit from trade.

Economics