When forming their expectations, firms gather information about all the following factors except
A) the projected demand for their specific line of products.
B) the overall health of the macroeconomy.
C) the future plans of their competitors.
D) the historical supply of their competitors' line of products.

Question

Quizplus · Accepted Answer

Firms may gather information about the historical supply of their own line of products and their competitors' line of products, but they do not gather information about the historical supply of their competitors' line of products.

When Forming Their Expectations, Firms Gather Information About All the Following