In Imperfectly Competitive Markets,"administered" Prices Usually Change Than Prices in Perfectly
In imperfectly competitive markets,"administered" prices usually change than prices in perfectly competitive markets,because _ .
A) less often; changing prices is costly
B) more often; perfectly competitive firms are price takers
C) more often; price becomes a strategic choice
D) more often; they are more flexible
E) less often; changing prices is costless
Correct Answer:
Verified
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