If a Cut in Prices Increases Total Revenue in the Short

question 236

Multiple Choice

If a cut in prices increases total revenue in the short run, what will it do to total revenue in the long run?

• A)​It will decrease total revenue in the long run.
• B)​It will increase total revenue in the long run.
• C)​It will leave total revenue unchanged in the long run.
• D)​Any of the above results are possible in the long run.

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Definitions:

Reliable Performance

Consistently achieving a level of performance that meets the expectations and standards over time.

Flexible Behaviour

The ability to adapt actions and strategies in response to changing circumstances or environments.

Formal Work Groups

Teams established by an organization to achieve specific tasks, characterized by structured roles, responsibilities, and processes.

Organizational Members

Employees or stakeholders who actively participate in the organization's processes and activities.