Since individual buyers and individual sellers in a competitive market have no influence on the market price, what do we call the buyers and sellers in a competitive market?

When the U.S. exchange rate rises, foreign goods become ________ and U.S. imports ________

A) less expensive; increase B) more expensive; decrease C) less expensive; decrease D) more expensive; increase

Which of the following is an example of price discrimination?

A) Increasing the price of a product when demand for the product increases. B) Charging different prices for a product in different regions of the country due to differences in transportation costs. C) Bundling complementary products to attract additional sales. D) Reducing the price of a product to reduce excess inventory.