Predatory pricing is the practice of
a. colluding with other firms to set prices above competitive levels.
b. using low prices to drive competitors out of business so that higher prices can be charged in the future.
c. gouging consumers by charging prices above the monopoly level.
d. charging prices greater than marginal cost.

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

Which of the following would not generally be a motive for a firm to hold inventories? a. to decouple or separate parts of the production process b. to provide a stock of goods that will provide a selection for customers c. to take advantage of quantity discounts d. to minimize holding costs e. all of the above are functions of inventory.

One country has a comparative advantage over another country in the production of a good if ithas a curved production possibilities curve and the other country has a linear production possibilities curve.has lower fixed costs than the other country. has a linear production possibilities curve and the other country has a curved production possibilities curve.is a lower opportunity cost producer of the good.