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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
When laws and regulations prohibit firms from selling at "prices less than cost,"
A) consumers benefit.
B) they are rarely enforced; therefore, competition is allowed to decline in the retailing industry.
C) they help maintain competition by eliminating one important advantage of large firms.
D) they must define "cost" arbitrarily since no firm has an incentive to sell below cost.
E) they serve as our most effective defense against predatory pricing.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
8 years ago
My pleasure Happy Dummy
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#4
3 years ago
Nice
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#5
3 years ago
Thanks
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