The use of "introductory prices" suggests
A) firms engaged in multi-period decision making.
B) firms engaged in price gouging.
C) firms engaged in anti-competitive behavior.
D) firms engaged in single-period decision making.

Question

Quizplus · Accepted Answer

Introductory prices are often used as a strategy in multi-period decision making, where firms plan for the long term by initially setting lower prices to attract customers, with the intention of adjusting prices in future periods based on market response and other factors.

The Use of "Introductory Prices" Suggests