Assume the economy is headed into a recession.Considering this,and recognizing that firms are slow to change the prices they charge for their products,are firms more or less likely to be able to pursue an effective markup pricing strategy in their pursuit of positive economic profit? Why?

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The Answer of Assume the economy is headed into a recession.Considering this,and recognizing that firms are slow to change the prices they charge for their products,are firms more or less likely to be able to pursue an effective markup pricing strategy in their pursuit of positive economic profit? Why?

Assume the Economy Is Headed into a Recession