What is the best response of firm B, given firm A is charging a low price?
a. Charge a low price
b. Charge a high price
c. Charge zero, give the good away
d. All of the above
a
Economics
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The quantity supplied of a good
a. is the amount that sellers would provide if the firms faced no constraints b. is the amount that sellers would provide if input prices were zero c. must match the amount actually purchased in the market d. is a fixed amount unaffected by the sellers' circumstances e. is subject to the constraints imposed by technology and input prices
Economics
Standardization of financial instruments has occurred as a result of:
A. the law of demand. B. economies of scale. C. the law of supply. D. the rule of 70.
Economics