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When laws and regulations prohibit firms from selling at "prices less than cost,"

Sublight2097

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8 years ago

When laws and regulations prohibit firms from selling at "prices less than cost,"

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

Edition: 13^th

Authors: Heyne, Boettke, Prychitko

Read 448 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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Tykis E.

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4 years ago

Nice

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tremullins123

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4 years ago

Thanks

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