Costs that tend to deter firms from changing their prices in response to changes in the market equilibrium price are referred to as

Name: Costs that tend to deter firms from changing their prices in response to changes in the market equilibrium price are referred to as
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Question

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Small menu costs refer to the costs that prevent firms from changing prices frequently, even when market conditions change, due to the inconvenience or expense involved in making such changes.

Costs That Tend to Deter Firms from Changing Their Prices