The Theory That Firms Will Be Slow to Change Their

question 49

Multiple Choice

The theory that firms will be slow to change their products' prices in response to changes in demand because there are costs to changing prices is called

• A)transactions cost theory.
• B)cost-benefit theory.
• C)menu cost theory.
• D)gift exchange theory.

---

Definitions:

Recover Unsaved

A feature in many software applications that allows the retrieval of unsaved or accidentally closed documents from a temporary backup.

Update Citations and Bibliography

The process of reviewing and correcting references to ensure they accurately reflect the sources used in a document or research paper.

Content Control Tab

A feature in applications such as Microsoft Word that allows users to insert and customize interactive controls like check boxes, text boxes, date pickers, and drop-down lists.

Find and Replace

A feature in word processors and text editors that allows the user to search for specific text and replace it with new text.