In Imperfectly Competitive Markets,"administered" Prices Usually Change ________ Than Prices

question 41

Multiple Choice

In imperfectly competitive markets,"administered" prices usually change ________ than prices in perfectly competitive markets,because ________.

• A)more often; they are more flexible
• B)more often; perfectly competitive firms are price takers
• C)more often; price becomes a strategic choice
• D)less often; changing prices is costly
• E)less often; changing prices is costless

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Definitions:

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity in relation to predefined objectives and criteria.

UN Global Compact

A United Nations initiative encouraging businesses worldwide to adopt sustainable and socially responsible policies.

Forced Labor

Work or service that is performed involuntarily and under the threat of penalty or harm.

Child Labor

The employment of children in any work that deprives them of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially, or morally harmful.