Long-Run Pricing Decisions ________

question 59

Multiple Choice

Long-run pricing decisions ________.

• A) have a time horizon of less than one year
• B) include adjusting product mix in a competitive environment
• C) and short-run pricing decisions generally have the same relevant costs
• D) use prices that include a reasonable return on investment

---

Definitions:

Cataracts

A medical condition where the lens of the eye becomes progressively opaque, resulting in blurred vision and, if untreated, blindness.

Macular Degeneration

A medical condition that leads to vision loss, specifically in the macula portion of the retina, typically affecting older adults.

Visual Impairment

A condition characterized by the partial or complete loss of vision, which cannot be corrected with standard eyeglasses or contact lenses.

Presbyopia

A common age-related condition in which the eye gradually loses the ability to focus on nearby objects, typically starting around middle age.