Four propane delivery firms have a tacit agreement to charge a service fee of $50 in addition to $5 per gallon of propane. If the firms' cost of propane increases and one of the four firms advertises that it will increase the service fee to $75 next month, this is an example of ________.
A) a preannouncement
B) a precommitment
C) a meet-the-competition clause
D) price leadership
A) a preannouncement
Economics
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Describe the role of offshore banking and of offshore currency (eurocurrencies) trading
What will be an ideal response?
Economics
If producing more output increases average cost then
A) there are diseconomies of scale. B) there are economies of scope. C) there are diseconomies of scope. D) there are no economies of scale.
Economics