Which of the following is false about short-run and long-run pricing decisions?
A)Short-run decisions include pricing for a special order with no long-term implications.
B)Short-run decisions typically have a time horizon of six months or less.
C)Long-run decisions include pricing a main product in a major market.
D)Long-run decisions include pricing for a special order with no short-term implications.

Question

Quizplus · Accepted Answer

The statement "Long-run decisions include pricing for a special order with no short-term implications" is false. Long-run decisions refer to pricing for a main product in a major market or for a product with long-term implications. Pricing for a special order with no long-term implications would fall under short-run pricing decisions.

Which of the Following Is False About Short-Run and Long-Run