Which of the following summarizes the economic view on Deflation Select one: a. Deflation is good for the economy because as prices fall people can buy more goods which creates jobs b. Deflation is harmful, can cause mass bankruptcies and foreclosures, can trigger a deflationary spiral, and thus should be avoided c. Deflation is neither good, nor bad and the price level should be allowed to cycle through inflation and deflation as part of the normal business cycle d. Deflation is impossible in a capitalist society

Walmart and target are the only stores in a remote town that currently stock and sell the playstation 5 video game console. managers at both stores are simultaneously deciding whether to charge a price of $1,000 or $1,500 for each console. if both stores charge $1,000, they earn a profit of $100,000 each. if both stores charge $1,500, they earn a profit of $200,000 each. if one store charges $1,000 and the other store charges $1,500, the store that charges $1,000 earns a profit of $250,000 and the firm that charges $1,500 earns a profit of $50,000. if walmart and target they can both charge $1,500 and earn the highest combined profit available. engage in spirited price competition collude with each other privately undercut each other after making an agreement compete with each other only with regard to price and not quantity compete with each other only with regard to quantity and not price