Which of the Following Statements Is Correct

question 65

Multiple Choice

Which of the following statements is correct?

• A)A firm with high fixed costs tends to decrease prices more and output less in the face of declining demand than a firm with relatively low fixed costs.
• B)A firm with high fixed costs tends to decrease prices less and output more in the face of declining demand than a firm with relatively low fixed costs.
• C)A firm with high fixed costs tends to decrease prices and output more in the face of declining demand than a firm with relatively low fixed costs.
• D)A firm with high fixed costs tends to decrease prices and output less in the face of declining demand than a firm with relatively low fixed costs.

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Definitions:

"You" Attitude

A communication style that focuses on the needs, interests, or concerns of the audience rather than the speaker.

Credibility

The quality of being trusted and believed in, often achieved through expertise, reliability, and a sense of integrity.

Believability

The quality of being able to be believed or trusted.

Specific Praise

Positive feedback that is detailed and focused on particular aspects of someone's performance or work.