Predatory pricing
A) is extremely hard to document in the U.S. economy today.
B) is most often practiced in the retailing industry.
C) is not legal under U.S. law but is regularly practiced by foreign firms competing in the United States.
D) is principally responsible for the decline of competition in the oil industry.
A
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In the figure above, Sam originally selects his consumption bundle at point A with 3 pounds of olives and 4 pounds of pickles a year
Then the price of pickles rises and the price of olives falls so that his budget line rotates but it still goes through point A. Sam's consumption of olives A) definitely will rise. B) definitely will fall. C) definitely will stay the same. D) could rise, fall, or stay the same.
What is "shared growth," and what kind of institutions are required for its success?
What will be an ideal response?