Which of the Following Is NOT a Type of Pricing

question 138

Multiple Choice

Which of the following is NOT a type of pricing objective?

• A) elasticity
• B) market share
• C) profit
• D) competitive effect
• E) image enhancement

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Definitions:

Cartels

Groups of independent market participants who collude to control prices and production in an industry, often illegally.

Price Leadership

A market strategy where one leading company sets the price of goods or services, and other companies in the sector follow suit.

Covert Collusion

An implicit, non-public agreement between firms to fix prices, limit production, or divide markets, without explicit communication.

Allocative Efficiency

A state of the economy where resources are allocated in a way that maximizes the overall benefit to society.