Which of the following is the most difficult kind of competition to assess because it cannot be observed readily and competitors may be numerous?

Both developed nations and developing nations tend to trade more with developed nations.

a. true b. false

Monchen Labs is an company that prides itself for innovating cutting-edge technologies in the

radio-diagnostics equipment industry. The firm, as a policy, prices its newly-launched products nearly 50 -60% higher than what it would sell the same products for nearly a year after their launch. The firm justifies the high pricing as a means to recoup the rather prohibitive R&D costs involved in the development process. Which of the following pricing objectives does Monchen Labs follow in this case? A) survival pricing objective B) market skimming pricing objective C) market share maximization pricing objective D) product-quality leadership pricing objective