Limit Pricing Refers to

question 49

Multiple Choice

Limit pricing refers to

• A)the highest price a monopolist can set.
• B)the highest price that just inflicts a loss on a potential entrant.
• C)a strategy used by entering firms in contestable markets.
• D)the lowest price a duopoly can set.
• E)none of the above.

---

Definitions:

Talcott Parsons

An American sociologist known for his contributions to social theory and for his development of a general theoretical framework for the study of society called structural functionalism.

Gender Role Socialization

The process through which individuals are taught and learn the gender roles associated with their sex, typically through family, culture, education, and media.

Instrumental Traits

Characteristics related to competency, task performance, and goal achievement, often considered masculine attributes.

Rationality

The trait of aligning with or adhering to logical or reasoned principles.