Competitive Firms Are Able to Set Price Above Marginal Cost

question 40

Multiple Choice

Competitive firms are able to set price above marginal cost when

• A) the markup is less than the cost of going to another store.
• B) the markup is greater than the cost of going to another store.
• C) all consumers have full information.
• D) consumers know what other stores are charging.

Recognize the concept of internal clients within an organization.

Comprehend the principle of positive organizational behavior and its emphasis on human capital.

Describe the role of behavioral sciences in understanding organizational behavior.

Explain the relationship between positive organizational behavior and high-involvement management, and the aspects of human capital critical for competitive advantage.