In deciding whether to invest in excess capacity in order to deter entry, incumbents should consider all of the following except
a. the order of play in pricing and capacity choice decisions
b. the customer sorting pattern
c. the sunk cost required to achieve excess capacity
d. the joint-profit-maximizing cartel output
e. the potential entrant's projected profitability
d
Economics
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An autonomous easing of monetary policy results in a ________ level of equilibrium output, shifting the aggregate demand curve to the ________
A) higher; right B) lower; right C) higher; left D) lower; left
Economics
Which of the following contributed to the sharp economic downturn during 2008?
a. rising housing and stock prices b. falling housing and stock prices c. rising housing prices but falling stock prices d. falling housing prices but rising stock prices
Economics