Some firms practice odd pricing because
A) it is a way to price discriminate.
B) it is too difficult for sellers to reeducate buyers into accepting even prices.
C) it lowers transactions costs.
D) they believe that customers will buy a larger quantity with an odd price.
D
Economics
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Which of the following activities would occur in the product market?
a. Harry mows his grass. b. General Motors hires additional workers to run a third shift at the factory. c. Sam pays a speeding ticket. d. Dolly buys a ticket to the ball game. e. Jane bakes a pie for Thanksgiving dinner.
Economics
If fixed costs are $200,000 and variable costs are $30 per unit over the relevant range of output, when 10,000 units are produced, the average total cost will be
a. $20. b. $30. c. $50. d. $70.
Economics