Double markup problems arise when
a. upstream firms have no market power
b. downstream firms have no market power
c. upstream and downstream products are unrelated in demand
d. upstream and downstream firm's pricing decisions tend to decrease the demand for the other product
d
You might also like to view...
When a textile company keeps track of its inventory using a computer and its competitor uses a pad of paper and a pencil, they are both answering the ________ part of one of the two big economic questions
A) "what" B) "how" C) "for whom" D) "where"
A nation should only import those goods for which it has
a. lower opportunity costs than its trading partner b. higher opportunity costs than its trading partner c. zero transaction costs d. lower costs of production than its trading partner e. absolute advantage in production compared to its trading partner