Which of the Following Is Most Likely to Be a Reason

question 88

Multiple Choice

Which of the following is most likely to be a reason for a firm to price a product above competition?

• A)The firm is selling a homogenous product.
• B)The demand for the firm's product is price elastic.
• C)The firm is a price leader in the industry.
• D)The firm's product is inferior in comparison to its counterparts.

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Definitions:

Pollution

The introduction of contaminants into the natural environment causing adverse change.

Mass Transit

Public transportation systems that move large numbers of people efficiently across cities and surrounding areas.

Natural Increase

The growth in population size as a result of more births than deaths, excluding migration.

Infrastructure

The fundamental physical and organizational structures and facilities needed for the operation of a society or enterprise.