Which of the following refers to the bandwagon effect?
A) Securities are purchased in one market for immediate resale in another.
B) Dominant enterprises exercise a degree of pricing power,setting different prices in different markets to reflect varying demand conditions.
C) Traders move like a herd,all in the same direction and at the same time,in response to each other's perceived actions.
D) Governments routinely intervene in international trade,creating tariff and nontariff barriers to cross-border trade.
E) The output of goods and services grows at a lesser rate than that of the money supply.
Correct Answer:
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