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If competing price searchers adjust their own prices on the basis of a close monitoring of their riv

Sublight2097

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If competing price searchers adjust their own prices on the basis of a close monitoring of their riv

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

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

Read 151 times

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Smoooth

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Sublight2097 Author

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8 years ago

My mind was going in all different directions trying to figure this one out. Thanks so much.

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Smoooth

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8 years ago

My pleasure Happy Dummy

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