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Sublight2097 Sublight2097
wrote...
Posts: 4132
8 years ago
If competing price searchers adjust their own prices on the basis of a close monitoring of their rival's prices,
A) all prices will tend to be the same, which proves prices are not competitive.
B) all prices will tend to be the same, which proves sellers are not competing on price.
C) each price searcher's demand curve will be indeterminate.
D) prices will fluctuate regularly.
E) prices will rise when costs increase but will not fall when costs decrease.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 141 times
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SmooothSmoooth
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Posts: 5500
8 years ago
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Sublight2097 Author
wrote...
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
wrote...
8 years ago
My pleasure Happy Dummy
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