fees . 1. The price equation formula is price A. salaries B. commissions C. trad
ID: 2789481 • Letter: F
Question
fees . 1. The price equation formula is price A. salaries B. commissions C. trade-ins D. list price E. taxes equals minus incentives and allowances plus extra 2. The competitive market situation in which one seller sets the price for a unique product is referred to as A. pure monopoly B. oligopoly. C. monopolistic competition. D. pure competition. E. monopolistic oligopoly 3. Economists have identified four types of competitive markets: pure monopoly, monopolistic competition, oligopoly, and A. government dominated B. pure competition C. capitalism D. socialist E. consumer-dominated d cost refers to m of the expenses of the firm that vary directly with the quantity of a product that is produced expense incurred by a firm in producing and marketing a product. . the sum of the expenses of the firm that are stable and do not change with the quantity of a product that is produced and sold. D. the average amount of money received for selling one unit of a product or simply the price of that unit. E the sum of the expenses of the firm deducted from the revenue generated by the sale of the product. 5.Loss leaders are often used by retailers to A. generate store traffic. B. destroy competition by making small retailers go out of business. C. avoid Robinson-Patman Act prosecution. D. adhere to price advertising legislation. 6. Variable cost refers to the A. the sum of the expenses of the firm that are stable and do not change with the quantity of a product that is produced and sold. B. the sum of the expenses of the firm that vary directly with the quantity of a product that is producedExplanation / Answer
1. A . List Price
2. A. Pure Monopoly
3. B Pure Competition also known as perfect competition
4. Question is not clear. But if it is Fixed Cost then answer is C the sum of the expenses that are stable and do not change with change in quantity.
5. A. To generate store traffic
6. B . the sum of the expenses of the firm that vary directly with the quantity of a product that is produced
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