Something that oligopolists will try to engage in with another firm in setting a higher price is called :
A: high economic profits.
B: prisoner’s dilemma.
C: collusion.
A: high economic profits.
B: prisoner’s dilemma.
C: collusion.
举一反三
- In the model of monopolistic competition, compared to a firm with a lower marginal cost, a firm with a higher marginal cost will set a ________ price, produce ________ output, and earn ________ profits. A: higher; less; more B: higher; less; less C: lower; less; less D: lower; more; more
- The act of buying at a low price in one place and selling at a high price in another place is called relative pricing.
- A firm with a higher degree of operating leverage when compared to the industry average implies thatthe A: Firm has higher variable costs. B: Firm's profits are more sensitive to changes in sales volume. C: Firm is more profitable. D: Firm is less risky.
- The more value customers place on a firm's products, the higher the price the firm can charge for those products. A: 正确 B: 错误
- When faced with a network design decision, the goal of a manager is to design a network that A: maximizes the firm's profits. B: minimizes the firm's costs. C: satisfies customer needs in terms of demand and responsiveness. D: maximizes the firm's profits while satisfying customer needs in terms of demand and responsiveness.