Predatory pricing is:
A. temporarily slashing prices below cost to force competitors out of the market.
B. an aggressive business move to maintain market power.
C. used to discourage competitors.
D. All of these statements are true.
D. All of these statements are true.
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The changing of government expenditures or taxes to achieve national economic goals is
A) inflationary fiscal policy. B) automatic fiscal policy. C) recessionary fiscal policy. D) discretionary fiscal policy.
According to your text, nineteenth century economist Alfred Marshall believed that technical progress is best accomplished by
a. firms of considerable size that have the resources to engage in research and development b. universities where basic research is initiated c. curtailing competition so that firms will not lose money by experimenting in research and development d. the superior inventive force of a multitude of small competitive firms e. the government subsidizing research and development