A price-taker firm will tend to expand its output so long as its
a. marginal revenue is positive.
b. marginal revenue is greater than the market price.
c. marginal revenue is less than the market price.
d. marginal cost is less than the market price.
D
Economics
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A consumer's reservation price is the
A) amount she will pay for a hotel or airline reservation. B) minimum amount she will pay for a good or service. C) price that maximizes her surplus. D) maximum amount she will pay for a good or service.
Economics
Under the non-strategic view of bargaining, the terms of agreement are determined by
a. Your opponent's eagerness to reach agreement b. Your outside options c. Your opponents gain from agreement d. All of the above
Economics