Manager-determined prices are
A. not determined by the forces of demand and supply.
B. exogenous variables in a demand equations.
C. associated with price-taking firms.
D. both a and b
E. both b and c
Answer: D
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Which of the following stands true of corruption?
a. Payment of money or gifts in order to receive a government service or benefit is a widespread practice only in less-developed countries. b. Corruption reduces growth most directly through government investment in projects with high productivity. c. Corrupt governments spend less on capital goods than governments that are less corrupt. d. The more competitive a country's markets are, the fewer the opportunities for corruption. e. Private investment is relatively higher in countries in which government expenditure is very high.