A commitment is a form of strategy

Firms that are price takers

A) can raise their prices as a result of a successful advertising campaign. B) are able to sell all their output at the market price. C) are able to sell a fixed quantity of output at the market price. D) must lower their prices to increase sales.

If the U.S. dollar price of one Japanese yen was $0.009 in 1997 and $0.011 in 2001, then the reciprocal exchange rate adjusted from $1 = ¥111.1 in 1997 to $1 = ¥90.9 in 2001 . This implies that over this time period, the U.S. dollar experienced a depreciation relative to the Japanese yen

a. True b. False Indicate whether the statement is true or false