Which of the Following May Be the Only Sensible Pricing

question 227

Multiple Choice

Which of the following may be the only sensible pricing policy in oligopoly situations?

• A) Maximizing profits
• B) Pricing way below market
• C) Meeting competition
• D) Pricing way above market
• E) Price leadership

---

Definitions:

Linguistic Relativity Hypothesis

The theory that thought processes and concepts are controlled by language.

Linguistic Relativity

The hypothesis that the structure of a language affects its speakers' cognition or worldview.

Phonemes

Minimal phonetic units in a language that serve to distinguish words.

Morphemes

The smallest units of language that carry meaning, including prefixes, roots, and suffixes.