Which of the Following Is a Predictable Competitive Response to High

question 18

Multiple Choice

Which of the following is a predictable competitive response to high initial prices?

• A) Competition has an incentive to enter the market
• B) Competition will stay out of the market because your product quality must be high
• C) Competing companies may report you for price gouging
• D) Competition will offer radically different products

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Definitions:

Sciatica

A condition involving pain that travels along the path of the sciatic nerve, which extends from the lower back through the hips and buttocks and down each leg.

Nerve Tract

Bundles of parallel axons with their associated sheaths in the central nervous system.

Inflammation

A biological response to harmful stimuli, such as pathogens or damaged cells, characterized by redness, swelling, heat, and sometimes pain.

Sensation Loss

A condition where there is a diminished or total lack of sensory perception in certain areas of the body.