Firms Do Not Change Prices Frequently Because

question 118

Multiple Choice

Firms do not change prices frequently because:

• A)there are legal prohibitions against doing so.
• B)it is easier to change the quantity of capital used in production.
• C)it is costly to do so.
• D)customers will refuse to patronize firms that change prices frequently.

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Definitions:

Deep Sleep

A stage of sleep characterized by slow brain waves, known as delta waves, associated with physical renewal and repair.

Rhythmic Sleep Pattern

The cyclical patterns of sleep phases, including non-REM and REM sleep, that occur throughout a sleep period.

Conifers

A group of cone-bearing seed plants, predominantly evergreens, that includes pines, spruces, and firs, among others.

Herbivores

Organisms that feed exclusively or mostly on plant matter.