A perfectly competitive firm is a price

Limit pricing refers to

A) the fact that a monopoly firm always sets the highest price possible. B) how the price is determined in a kinked demand curve model of oligopoly. C) a situation in which a firm might lower its price to keep potential competitors from entering its market. D) none of the above.

The level of income is unchanged in response to anticipated anti-inflation policy in ________

A) real business cycle theory B) traditional Keynesian theory C) new Keynesian theory D) post classical theory