Using the Internet, Some Firms Are Now Employing Software That

question 190

Multiple Choice

Using the Internet, some firms are now employing software that uses pricing algorithms to constantly adjust their online prices in response to what rivals are charging for similar products. This is making it easier for the

• A) firms to collude tacitly in their pricing schemes.
• B) government to prove price-fixing.
• C) firms to gain monopoly power over their rivals.
• D) government to enforce industrial regulation.

---

Definitions:

Impulsivity

The tendency to act on urges and desires spontaneously and without adequate thought to the consequences.

Hyperactivity

Excessive activity or movements that can be symptomatic of psychological conditions like ADHD.

Severe and Persistent Mental Illness

A term used to describe long-lasting and major mental health conditions that significantly impair an individual's functioning.

Functional Impairments

Limitations in performing daily activities due to physical, mental, or emotional disorders.