Which One of the Following Is Not a Danger of Experimenting

question 120

Multiple Choice

Which one of the following is not a danger of experimenting with pricing for an oligopoly?

• A)Retaliation.
• B)Firms matching price reductions.
• C)The uncertainty of competitor response.
• D)Product differentiation.

---

Definitions:

Common Law

A legal system based on court decisions and customs, as opposed to written laws.

Comparative Negligence

A legal doctrine that reduces the amount of damages that a plaintiff can recover in a negligence-based claim, based upon the degree to which the plaintiff's own negligence contributed to the cause of their injuries.

Impostor Rule

A legal principle that specifies when a party may be held liable for fraud or deceit if they knowingly allow another to impersonate them for gain.

Indorsement

The act of signing one's name on the back of a check or other negotiable instrument for the purpose of transferring ownership or providing authorization.